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IRS: BOND ISSUER CAN CHANGE LIHTC UNIT MIX

Tuesday, August 14, 2012 - 7:00AM

The Internal Revenue Service (IRS) August 10 issued Private Letter Ruling (PLR) 201232006 to allow a multifamily housing bond issuer to file an amended Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues, for a development where a filing error resulted in the issuer entering the wrong minimum set-aside requirements on the original form. The IRS granted a 45-day extension from the date of the PLR to amend the form. PLRs are directed to the taxpayers who requested them and may not be used or cited as precedent.

Tune in to the Tax Credit Tuesday podcast August 21 to hear more about the ruling.

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