September 23, 2014

In this week’s episode of the Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, discusses a continuing resolution that will fund government operations until Dec. 11. He also notes several critical issues facing Congress, provides an update on tax extenders and reviews the Tax Technical Corrections Act of 2014. In the low-income housing tax credit segment, he discusses a couple highlights from the IRS’s updated LIHTC Audit Technique Guide. In the new markets tax credit segment, he congratulates the 2014 Community Development Award Winners, and alerts listeners that Nebraska will soon begin accepting applications for its state NMTC. In the historic tax credit section, he examines the Creating Prosperity Through Preservation Act that was recently introduced in the House. Finally, in the renewable energy tax credit segment, he reports on renewable energy tax credit comments made during last week’s Senate Finance Committee hearing.