News & Insights
Stay informed with the latest news and updates regarding the affordable housing industry.
I sent a memo to clients on June 29, 2015, regarding HUD Notice H 2015-04, which was published by HUD on June 22, 2015. This Notice outlined revised HUD requirements relative to the Methodology for Co...
Section 42 (i) (3) (D) states that certain students do not disqualify a unit from being low-income for LIHTC purposes. Five exceptions are outlined in the Code, one of which states "A unit shall not f...
HUD recently provided guidance on components of the HOME program that have raised questions. Following are the clarifications that apply to the use of HOME funds with multifamily housing. HOME fun...
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...
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...
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