January 11, 2011

Published by Michael Novogradac on Tuesday, January 11, 2011 - 1:45pm

Michael J. Novogradac, CPA, the chances for future tax extenders in light of impending debate in Congress over fiscal policy; last week's positive decision from the U.S. Tax Court in Historic Boardwalk Hall LLC v. Commissioner; IRS
guidance regarding what constitutes a "significant changes" for Section 48C projects; comments submitted to HUD by the Novogradac LIHTC Working Group regarding proposed regulations for the National Housing Trust Fund; and a quick
update on the timing for the next round of new markets tax credit allocations.