November 23, 2010

Published by Michael Novogradac on Tuesday, November 23, 2010 - 12:15pm

Michael J. Novogradac, CPA, provides an update of the Congressional calendar, the status of the tax extenders and tax expenditures, and the Basel III rules; discusses the President’s Fiscal Commission’s draft report of proposed recommendations and Sen. Grassley’s questions about the Build America Bonds program; examines a Harvard’s Joint Center for Housing Studies report on lowincome housing tax credits, a Center for American Progress report on clean energy, IRS private letter ruling 201045013 and a working paper released by the Federal Home Loan Bank of San Francisco that examines that NMTC program’s performance during the recession. He also discusses the Missouri Tax Credit Review Commission’s recent recommendations and the Advisory Council on Historic Preservation’s upcoming meeting.