Prepare Site-Related Documents Prior to IRS Audit

Prepare Site-Related Documents Prior to IRS Audit



IRS auditors may flag sites for further review based on state agencies’ noncompliance reports. The owner’s tax returns and IRS Form 8823 noncompliance reports and other information are initially evaluated. If it’s determined that an audit is needed, an IRS auditor will formally notify the owner by mail that an audit has been scheduled.

Full Article Access:

Full access to complete articles from Tax Credit Housing Management Insider is for subscribers only.

Not yet ready to subscribe?

Topics