Maintenance
May 13, 2020
While the country is still dealing with the impact of the COVID-19 pandemic, the Atlantic hurricane season will be here soon. Hurricane season begins on June 1, just as many South and East Coast states are set to enter a delicate re-opening process. Hurricane season brings extreme events and...
Dealing with the IRS
May 13, 2020
A private letter ruling (PLR) is a written response the IRS issues to an owner or taxpayer when the owner asks a question about the tax effects of its acts or transactions. For example, you may not know whether the IRS can give the owner more time to elect the site’s minimum set-aside, or...
Feature
April 15, 2020
And considers issuing COVID-19 compliance guidance.
In late March, the National Council of State Housing Agencies (NCSHA) sent a letter to the IRS and the Treasury Department asking them to take immediate action to provide deadline extensions and other necessary accommodations for the LIHTC...
Compliance
April 15, 2020
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law on March 27, 2020, includes important, immediate protections for tenants. Specifically, it mandates a 120-day eviction moratorium for tenants living in certain types of properties.
Income Calculations
April 15, 2020
On March 27, the president signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) as part of the $2 trillion stimulus package intended to stabilize the economy during the devastating coronavirus pandemic. The CARES Act provides for a temporary waiver of required...
