Sign Up For Novogradac Industry Alert Emails

IRS INVITES COMMENTS ON FORM 8610, SCHEDULE A

Monday, January 8, 2007 - 7:15AM

The Internal Revenue Service (IRS) today announced that were 3 line items deleted on Form 8610 Annual Low-Income Housing Credit Agencies Report and invited comments on Form 8610 and Schedule A (Form 8610) Carryover Allocation of Low-Income Housing Credit. State housing agencies are required by Internal Revenue Code Section 42(l)(3) to report annually the amount of low-income housing tax credits (LIHTCs) that they allocated to qualified buildings during the year. Housing agencies report carryover allocations to the IRS on Schedule A (Form 8610). Form 8610 is a transmittal and reconciliation document for Forms 8609, Schedule A (Form 8610), binding agreements and election statements.

Learn more about Novogradac's expertise and many services