Understanding the Requirements of the IRS 8823 Guide

The IRS published an update of the important Guide for Completing Form 8823, effective in January 2011. This full day course will cover all elements of the Guide, including definitions and examples of noncompliance, dealing with over-income households, understanding the risk of not recertifying tenants, traps relating to the use of common area, the General Public Use Rule, and a detailed review of new IRS positions relative to rents and fees. This training is designed for Housing Finance Agency personnel, senior management staff, compliance professionals and owners.