Managing Low Income Tax Credit Compliance

Provided by Zeffert & Associates

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Tuesday, February 26, 2019 at 8:30 AM (MST) to Thursday, February 28, 2019 at 2:30 PM (MST)
Sheraton Albuquerque Uptown
2910 Yale Boulevard Southeast
Albuquerque, NM 87106
United States

Event Details to register online or submit Registration Form to – Limited Seating!

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February 26
8:30 AM - 5:00 PM First Day Property Compliance Introduction and Brief Overview The importance of “Learning to Fish” What are Tax Credits? “The Players” Details you must know about your development How Credits are calculated 8609 Terms -Eligible and Qualified Basis, Applicable Fraction and Credit Percentages Income and Rent Limits Milestones in the Life of a Property Unique Aspects of LIHTC Acquisition/Rehab Other Key Requirements-Keeping the Next Available Unit and Vacant Unit Rules Straight Fair Housing Combining LIHTC
February 27
8:30 AM - 5:00 PM Second Day Certifying Households Preview of Certification Steps Interview and Applications Determining Household Size Student Status Acceptable Verification Methods Anticipation of Annual Income Income from Assets -Asset Types and their Income -Imputing Asset Income -Assets “Disposed Of” Completing the TIC Completing the Move-in Recertification Monitoring Requirements (“Enjoying” State visits) Updates –Recent IRS developments Q & A
February 28
8:30 AM - 2:30 PM Third Day - Optional HCCP Exam (8:30am – 10:45am) Prep Review (11:00am – 1:30pm) HCCP Exam (approximate time) 2 ½ hours are allowed to complete the exam