Novogradac NMTC 101: The Basics On-Demand Course

Instructors

webinars headshot panelist  wayne michael

 

Wayne Michael, CPA, NPCC, HCCP
Director of External Education
Novogradac & Company LLP
Brad Elphick, CPA
Partner
Novogradac & Company LLP

Course Description

This course presents a basic overview of the new markets tax credit (NMTC) program and the unique elements of NMTC deal structures.

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Outline

  • Overview of perceived risk and community investment
  • Intro to Internal Revenue Code Section 45D
  • The basic overview of an NMTC structure
  • CDFI Fund, community development entities (CDEs), investors, qualified equity investments (QEIs), qualified active low-income community businesses (QALICBs), qualified low-income community investments (QLICIs), substantially all (sub-all) and low-income communities (LICs).
  • The tax credit pool, application process and award process
  • Claiming the tax credits
  • Intro to the NMTC leveraged structure
  • CDEs
    • Service area(s)
    • Governing and advisory boards
  • QALICBs
    • Qualified
    • Active
    • Low-Income Community
    • Business
  • QLICIs and the sub-all test
  • Avoiding tax credit recapture

CPE Information

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Target Audience

This course is designed for those new to low-income housing tax credits as well as for those who've worked in the industry for a few years and are looking for a refresher on how their area relates to other parts of the "big picture."

Terms and Conditions

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Registration Rates

Standard: $100
Nonprofit: $90
Multiple Registrations: $90/person ($80/person for nonprofits)

Access to Novogradac on-demand courses expires after one month. A two-week extension may be purchased for $25. Read more under Terms and Conditions above.

 

$100.00