IRS Releases Updated 8823 Guide

IRS Releases Updated 8823 Guide

The long-awaited updated version of the IRS’s Guide for Completing Form 8823 has been released. The Guide was first released in 2007 to provide guidelines for preparing Form 8823, the Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition. ...
IRS Provides Section 42 COVID-19 Relief

IRS Provides Section 42 COVID-19 Relief

On July 1, 2020, the Internal Revenue Service published IRS Notice 2020-53, which provides temporary relief to owners of Section 42 Low-Income Housing Tax Credit (LIHTC) properties due to the COVID-19 pandemic.  The Notice extends previously postponed due dates for...