Written by: Jessica Cooper Not-For-Profit Treatment It is obvious through the redesign of the Form 990 that the IRS is concerned about the involvement of nonprofit entities in organizational structures and the transactions going on within those structures.  Schedule R is where related organizations and …

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Written by: Kenny Dennison It’s budget time.  The affordable housing industry is not immune to economic challenges, and therefore like no time before, every dollar counts.  In order to position projects to fulfill their mission to the residents and owners, management …

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On August 2, 2011, the President signed into law the Budget Control Act of 2011 (Budget Control Act).  The Budget Control Act is a deficit reduction package that cuts spending, but includes no revenue raisers at this time.  It consists …

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HUD released its revision of Chapter 1 of the HUD Audit Guide.  This chapter is set to be effective for fiscal year ends ending on or after September 30, 2011.   Attached is the Transmittal Letter highlighting the changes as …

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