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IRS RELEASES UPDATED 8823 GUIDE

Friday, January 12, 2007 - 7:15AM

The Internal Revenue Service (IRS) this week issued an updated version of its Guide for Completing Form 8823: Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition. The document presents standardized operational definitions for the noncompliance categories listed on Form 8823 and is intended to provide consistent interpretation and application of Internal Revenue Code (IRC) Section 42 requirements among states and consistent reporting of noncompliance.

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