Disaster Relief Client Letter
Recommendations and explanations to our clients on the IRS’s temporary relief from certain low-income housing requirements for projects located in presidentially declared major disaster areas.  Click Here
Original Revenue Procedure 2007-54 Disaster Area Relief

Flood Relief Client Letter
Recommendations and explanations to our clients on temporary relief from low-income housing requirements to allow for the temporary housing of displaced individuals as a result of severe weather.  Click Here
The original IRS notices are attached:
IRS Notice 2008-56 - LIHTC Relief - Indiana
IRS Notice 2008-58 - LIHTC Relief - Iowa
IRS Notice 2008-61 - LIHTC Relief - Wisconsin
IRS Notice 2008-66 - LIHTC Relief - Missouri

LIHTC Tax Resources
The new 990 will bring numerous changes and disclosure requirements to exempt entities.  The following is a copy of the letter sent to clients and friends to discuss the preliminary changes:  Click Here

For those organizations in need of examples of governance policies required to be in place by 12/31/08, the following link is an IRS recommendation of sample policies: Click Here

2008 Form 990 Client Disclosure Questionnaire
For the 2008 year ends, the IRS has updated the form 990 for additional disclosures and revised the form significantly from previous years.

Click Here for a link to the 2008 990

The 990 disclosure questionnaire is to be completed by all not-for-profit clients to allow for accurate completion of the 990 tax returns. 

Click Here for Excel version
Click Here for PDF version to print and fill out if Excel is not available
 

 

 LIHTC Accounting Resources
Coming Soon!