Low-Income Housing Tax Credit Handbook, 2013 ed.

Low-Income Housing Tax Credit Handbookprovides definitive guidance through the complex body of laws, regulations, and judicial decisions concerning the low-income housing credit (LIHC). The text: Analyzes the credit s history, including prior law, technical corrections, and the Tax Reform Act of 1986; Discusses who can use the credit; Examines complex tax aspects and the interaction of the credit with securities laws and Reviews property management aspects of LIHC, and its appraisal process. Along with a glossary of LIHC terminology and the latest IRS and HUD rulings, this handbook provides: A sample financial model and forecast; IRS forms; Listings of state allocation authorities and state LIHC tax incentives and an LIHC checklist.