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IRS Seeks Comments on How CDEs Notify Taxpayers who Made QEI of Recapture Event

Thursday, August 10, 2023 - 10:00AM

The Internal Revenue Service (IRS) will publish in Friday’s Federal Register a notice and request for comments concerning recapture events for the new markets tax credit (NMTC). The notice reviews the current requirement that community development entities (CDEs) provide notice to any taxpayer holder of a qualified equity investment (QEI) that a recapture event has occurred. The IRS seeks feedback on the current form. Comments are due by Oct. 10.

Community development experts and stakeholders will gather Oct. 26-27 for the Novogradac 2023 Fall New Markets Tax Credit Conference in New Orleans.

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