News & Insights
Stay informed with the latest news and updates regarding the affordable housing industry.
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...
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 go...
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...
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...
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 primar...
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...
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...
The IRS has published a revised Audit Guide for the Low-Income Housing Tax Credit Program, with a revision date of August 11, 2015. The Guide is intended to assist IRS examiners when auditing Partners...
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