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IRS Seeks Feedback on Burdens Imposed by Rev. Proc. 2014-49

Tuesday, May 23, 2023 - 3:45PM

The Internal Revenue Service (IRS) published in Monday’s Federal Register a notice and request for comments on Revenue Procedure 2014-49, which provides relief from certain requirements for low-income housing tax credit (LIHTC) properties, owners, housing credit agencies or states affected by a major disaster area declared by the president. Comments are due no later than July 21 as to whether the current collection of information is required; ways to enhance the quality, utility and clarity of the information collected; ways to minimize the burden of collecting information and more.

The Novogradac LIHTC Property Management Handbook guides readers through the most updated information in the complex field of LIHTC compliance monitoring.

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