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Treasury Decision Ends Requirement for Third-Party Signature on LIHTC Allocation Form

Tuesday, January 27, 2004 - 1:45AM

In 1998, Congress enacted the Internal Revenue Service (IRS) Restructuring and Reform Act. Section 2001(a) of the act states Congress’s preference for paperless filing of filing federal tax returns and sets a long-range goal for the IRS to have at least 80 percent of all federal tax returns filed electronically by 2007. The IRS has identified Sec. 1.42-1T(e)(1) and (h)(2) as regulatory provisions that impede electronic filing of Form 8609, "Low-Income Housing Credit Allocation Certification," by requiring a taxpayer to include a third-party signature from an authorized state or local housing credit agency official when filing the form. Treasury Decision 9112, published today, eliminates that requirement. Click here for a copy of T.D. 9112.

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