IRS Releases Updated 8823 Guide, Clarifies Utility Allowance Compliance

IRS Releases Updated 8823 Guide, Clarifies Utility Allowance Compliance



In late March, the IRS released an updated version of its Guide for Completing Form 8823: Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition. State housing agencies use Form 8823 to notify the IRS of a site's noncompliance with tax credit requirements. Your state housing agency must also use this form to inform the IRS if you correct noncompliance by the agency's deadline.

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