The Buzz: Tornado Watch for Tax Credits?
Date Published: 12/01/2010
Author: Buzz Roberts, LISC Senior Vice President
from the December 2010 issue of Novogradac Journal of Tax Credit Housing.
It’s a sunny day. The wind isn’t even blowing. But the atmosphere is unstable and a volatile weather system may be forming. It’s time for tax credit practitioners to get to the hardware store and supermarket, turn on the Weather Channel and get ready to hunker down. A tornado could be coming.
Consider these recent changes in the political weather.
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This article first appeared in the December 2010 issue of the Novogradac Journal of Tax Credit Housing and is reproduced here with
the permission of Novogradac & Company LLP.
© Novogradac & Company LLP 2010 - All Rights Reserved.
Notice pursuant to IRS regulations: Any U.S. federal tax advice contained in this article is not intended to be used, and cannot
be used, by any taxpayer for the purpose of avoiding penalties under the Internal Revenue Code; nor is any such advice
intended to be used to support the promotion or marketing of a transaction. Any advice expressed in this article is limited to
the federal tax issues addressed in it. Additional issues may exist outside the limited scope of any advice provided – any such
advice does not consider or provide a conclusion with respect to any additional issues. Taxpayers contemplating undertaking
a transaction should seek advice based on their particular circumstances.
This editorial material is for informational purposes only and should not be construed otherwise. Advice and interpretation
regarding property compliance or any other material covered in this article can only be obtained from your tax advisor. For
further information visit www.taxcredithousing.com.
Topics: Policy, --Housing
Type: Trade Article