IRS Publishes Revised Form 8609
Following the authorization from the 2018 omnibus spending bill passed earlier this year for the “income-averaging” option for minimum set-aside elections in the LIHTC program, the IRS has published a revised Form 8609. Form 8609 is used for Low-Income Housing Credit Allocation and Certification and now includes the income-averaging option. The IRS instructions for the form have yet to be updated.
To view the revised form, click here.