The 2014 Novogradac LIHTC Property Management Handbook guides readers through the most up-to-date information in the complex field of LIHTC compliance monitoring. The 2014 edition discusses the striking down of the Defense of Marriage Act and its effect on LIHTC rules, and incorporates information from Change 4 of HUD Handbook 4350 .3 and the January 2011 update of the IRS 8823 Guide. This comprehensive resource features expanded guidance for acquisition/rehabilitation properties, including safe harbor guidance, next available unit rules, the 120-day grace period and resyndication concerns, as well as real-world examples demonstrating how the principles should be applied. The Novogradac LIHTC Property Management Handbook also provides important new information on: income and rent limits, electronic record storage, placed-in-service dates, calculating income, asset verification, termination of agreements, full-time students, foster children and more. This essential tool for LIHTC property owners and managers also includes key sample IRS forms, a sample utility allowance schedule and federal tax law sources.For dispositions on or before July 30, 2008, recapturing the accelerated portion of the credit could be avoided if it was ... For dispositions after July 30, 2008, owners are not required to recapture the accelerated portion of the credit if it isanbsp;...
|Title||:||Novogradac LIHTC Property Management Handbook - 2014 Edition|
|Author||:||Jim Kroger, CPA|
|Publisher||:||Novogradac & Company LLP - 2014-01-01|