Follow Recordkeeping, Retention Requirements to Prove Tax Credit Compliance

Follow Recordkeeping, Retention Requirements to Prove Tax Credit Compliance



You might think that as long as you’re complying with the tax credit program’s requirements, you’re protecting the owner’s credits. But the owner’s credits aren’t safe unless you can prove your compliance to the IRS and your state housing agency. If you don’t have the right documents to show auditors that you’ve complied, your efforts may be in vain.

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