Applegate & Thorne-Thomsen tax attorney, Glenn Graff was a guest speaker on the recent BuzzHouse podcast by BakerTilly. In this episode, Glenn discusses four hot button issues relating to low-income housing tax credits, including:

  1. The recent IRS Average Income Hearings at which Glenn testified
  2. Remaining issues (draw-down bonds, subsequent bond issuances) regarding the 4% rate minimum tax credit rate enacted at the end of 2017
  3. Recent IRS guidance regarding COVID-19 LIHTC extension which clarified that there are no tax credits on vacant units rented by 6/3/21
  4. Reasonable Cause for taking tax credits even without a Form 8609


Listen to the podcast below and learn more about BakerTilly's podcast, BuzzHouse HERE:

For additional information about these issues, contact Glenn Graff or any of your Applegate & Thorne-Thomsen contacts.