CPE: 7.12.2019 Novogradac Private Activity Bond and 4 Percent LIHTC Overview Webinar

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Novogradac is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Instructional delivery method: Group internet

Learning Objectives:

  • Differentiate private activity tax-exempt bonds from private, taxable bonds as well as from other forms of public, tax-exempt bonds
  • Identify the major parties and their roles in a typical public bond issue
  • Match the appropriate tax credit percentage with the month the bonds close or when the building was acquired, placed in service or in which rehab was complete to finish the tax credit calculation
  • Identify how failing the 50 percent test equates to a corresponding drop in tax credits claimed and equity received
  • Identify pitfalls to avoid in meeting the 50 percent test for multi-building properties
  • Differentiate between good costs and bad costs in the 95-5 test
  • Differentiate between private activity bonds and LIHTC regarding reviewing agencies, penalties for noncompliance, tax forms and minimum set-asides, and rent limits

Level: Basic

Prerequisites: None

Advance preparation required: None

Field of Study: Taxes

Credit Hours: 2

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits for this course are based on a 50-minute hour group-Internet based instructional method and responses to three attendance monitoring activities (usually in the form of polling questions) per credit. Failure to participate in the entire live webinar will result in partial or no CPE credit.

Note: Multiple paid registrants within an organization may choose to watch the webinar on one screen. In situations where small groups view a webinar, for multiple members of the group to claim CPE credit it is not necessary for the individuals in the group to respond to polling questions individually. The person logged into the program may respond to the polling on behalf of the group and the monitoring of active participation of the individuals in the small group will be documented and verified by the small group administrator.

If you are watching the webinar in a group and wish to be eligible to claim CPE credit for multiple members of the group, please print and fill out the Small Group Sign-In Sheet (also provided during the webinar) and submit it to [email protected].

Policy for addressing concerns or issues with Continuing Professional Education delivered by Novogradac & Company 

Please address any questions or concerns regarding CPE at Novogradac & Company workshops, webinars or on-demand courses to the Events Desk at 415-356-7970 or [email protected].

Unresolved issues or concerns regarding registered CPE sponsors may be reported to the National Registry of CPE Sponsors and submitted online at www.nasbaregistry.org/cpas/complaints.

Note also that although recordings of most webinars are available for purchase, unless specifically stated, CPE is NOT available for webinar recordings.