IRS INVITES COMMENT ON MO. HOUSING RELIEF

Thursday, September 8, 2011 - 8:00am

The Internal Revenue Service (IRS) today requested comments on its notice that suspended certain requirements for low-income housing tax credit properties in Missouri. The IRS, in Notice 2011-47, suspended the income limits, non-transient requirements and other requirements to areas of the state devastated by severe storms, tornadoes and flooding that began on April 19, 2011. No changes are being made to Notice 2011-47 at this time. The IRS will accept comments on the notice until November 7, 2011.