LIHTC Guide
Sep 8, 2015
Determining the Cash Value of and Income from Annuities There is some confusion among managers of affordable rental housing regarding how to determine the value of and income from annuiti...
Sep 6, 2015
Claiming Credits without an IRS Form 8609 - Guidance from the Audit Guide IRC 42(l)(1) requires that taxpayers complete a certification with respect to the first year of the credit peri...
Sep 2, 2015
On August 20, 2015, HUD published a Final Rule in the Federal Register titled, "Housing Choice Voucher Program: Streamlining the Portability Process." This final rule amends HUD s regulations govern...
Sep 2, 2015
Audit Guide Chapter 3- Techniques Used During Audit The IRS audit process includes the accumulation of evidence for evaluating the accuracy of a taxpayer s tax return. Evidence includes...
Aug 23, 2015
How Tax Returns for LIHTC Properties are Analyzed for Audit Potential The IRS 42 Audit Guide provides guidance for analyzing tax returns before contacting taxpayers to determine the spe...
Aug 17, 2015
The Department of Housing and Urban Development (HUD) is moving forward aggressively with the departments new "Affirmatively Furthering Fair Housing" campaign to desegregate the country s primarily ...
Aug 16, 2015
With the revision of the IRS Audit Guide for the Low-Income Housing Tax Credit Program, the IRS is providing a comprehensive examination of the requirements of the program. Chapter 1 of the Guide p...
Aug 14, 2015
On August 6, 2015, the Rural Housing Service (RHS) published a proposed rule in the Federal Register that will amend current regulations to change program requirements regarding financial reporting. T...