Wednesday, February 29, 2012 10:00 AM to 12:30 PM PST (1:00 PM to 3:30 PM EST)
Registration Rates
For Profit: $110
Not-for-Profit: $95
Multiple Registrations: $100 per person ($85 NFP)
Instructor
Wayne Michael, CPA
Director of Education
and Business Development
Novogradac & Company LLP
Course Description
This course presents a basic overview of the low-income housing tax credit (LIHTC) program, primarily as it relates to the rental property generating the tax credits at the “lower tier” operating partnership..
Target Audience
This course is designed for those new to low-income housing tax credits as well as for those who’ve worked in the industry for a few years and are looking for a refresher on how their area relates to other parts of the “big picture.”
Preview the Content
Outline
Overview of affordable housing
Intro to Internal Revenue Code Section 42 and LIHTCs
The 9%, competitive tax credit pool and states' QAPs
Construction completion, certificates of occupancy, lease-up
Program rules
"20 at 50" and "40 at 60" minimum set-asides, income limits, rent limits
Placed-in-service package, Forms 8609
Earning and claiming tax credits
10-year credit period, 15-year compliance period
Noncompliance and credit recapture
Tax-exempt-bond-financed projects and 4% tax credits
The 50% test, financing challenges unique to 4% deals
Contrasting 9% deals with 4% deals
Nuances of "acq/rehab" deals and claiming tax credits
Continuing Professional Education
Objective: To understand how the LIHTC program works.
Level: Basic
Prerequisites: None
Category: Specialized industry knowledge
Credit hours: 2.5
Note: Although multiple paid registrants within an organization may choose to watch the webinar on one screen, only those registrants who individually login and respond to polling questions will be eligible to receive CPE credit.
About the Instructors
Wayne Michael is the director of education and business development for Novogradac & Company LLP. He has worked with low-income housing tax credits since 2003 and has been teaching tax credit workshops since 2006, simplifying the subject matter for audiences of varying levels of experience. Mr. Michael graduated from Brigham Young University with a bachelor's degree in accounting and is licensed as a certified public accountant in California.
System Requirements
Novogradac & Company LLP webinars are broadcast through WebEx. A broadband internet connection is required. For minimum system requirements, click here or go to https://www.webex.com/login/frequently-asked-questions#7.
Webinar Cancellations & Refunds
If you are unable to attend a webinar and would like a refund on your registration fees, you must submit a cancellation in writing at least 3 days prior to the event. Please submit cancellations to events@novoco.com. We regret that we cannot issue a refund to those who cancel after the log-in information has been distributed.
In the event of a major technological problem that prevents or interrupts our transmission of the webinar broadcast, such as a power outage at our broadcast site, we will either re-broadcast the webinar or issue registrants an event credit. Credits may be applied toward any Novogradac & Company LLP event and are valid for one year from the credit's date of issuance.
Terms and Conditions
Except as explicitly stated in the program materials (if applicable), the webinar will not qualify attendees for any type of continuing education credit or certification issued by any organization.
As a condition of viewing the webinar, you must agree to the following terms and conditions (the "Terms"). If you do not agree to the Terms, do not purchase this webinar.
Novogradac & Company LLP webinars are presented as general learning opportunities and are not a substitute for professional advice. You agree not to make business or financial decisions based solely on the webinar materials and you agree that we are not responsible for business or tax decisions made by webinar attendees based on the information provided by the instructors during the webinar. Each tax credit property has specific issues and circumstances associated with that property. Webinar attendees are strongly encouraged to consult their legal and/or tax advisors for advice specific to the attendee's specific circumstances.
