GAAP Accounting for the Low-Income Housing and New Markets Tax Credits Handbook
2005 Edition
GAAP for the Low-Income Housing and New Markets Tax Credit chronicles the latest historical documentation and related information from FASB EITF Issue 94-1. This guidebook, complete with discussion on how an entity that invests in a qualified affordable housing project should account for the tax benefits resulting from its investment, also includes a chapter on Fin 46, a chapter on GAAP for the new markets tax credit and guidance on EITF Issue No. 04-5. It is a cutting-edge tool fit for any LIHTC or NMTC library.
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