IRS INVITES PUBLIC COMMENT ON LIHTC REGULATIONS
The Internal Revenue Service (IRS) today invited public comment regarding PS-19-92 (Final) Carryover Allocations and Other Rules Relating to the Low-Income Housing Credit, TD 9420 - Section 42 Utility Allowance Regulations Update. The regulations provide the IRS the information it needs to ensure that low-income housing tax credits (LIHTCs) are being properly allocated. No changes have been proposed at this time. Written comments should be received on or before October 29, 2010.