In the News
June 30, 2017
Senate Finance Committee Chairman Orrin Hatch (R-Utah) recently released a letter inviting feedback on tax reform. Hatch invited recommendations on a variety of tax-related topics, including four key issue areas—individual income tax relief for middle-class individuals and families, lowering...
In the News
June 30, 2017
Representatives from the IRS and the U.S. Department of the Treasury recently spoke at the annual meeting of the American Bar Association Forum on Affordable Housing and Community Development. The representatives did not speak on behalf of their respective agencies, but rather provided personal...
Dos & Don'ts
June 30, 2017
When you calculate a household’s income to determine if it’s qualified, total the income of all the household’s members, even if they’re not related. If you make the mistake of counting members’ incomes separately, you’re likely to determine that their household...
Dos & Don'ts
June 30, 2017
Don’t include the value of any approved federal or state rent subsidies the owner gets for a household when you calculate the household’s income and rent. If you do, you may charge the household too much rent. Or you may lose out on renting to a qualified household because you...
Dos & Don'ts
June 30, 2017
Make sure that you verify every source of income a household reports. A household isn’t qualified unless you have the verifications to prove it. So if you accept a household without verifying all its income, the owner won’t be able to claim tax credits for the household’s unit....
