Contact Paul +

Time limit is exhausted. Please reload CAPTCHA.

low income housing tax credit (LIHTC)

Final & temporary regs and Rev Proc modify low-income housing credit monitoring rules

Final & temporary regs and Rev Proc modify low-income housing credit monitoring rules

T.D. 9753, 02/23/2016; Reg. § 1.42-5; Reg. § 1.42-5T; Preamble to Prop Reg 02/23/2016; Prop Reg § 1.42-5; Rev Proc 2016-15, 2016-11 IRB TD 9753, Low-Income Housing Credit Compliance-Monitoring Regulations. PR 15034912, Notice of Proposed Rulemaking, Low-Income Housing Credit Compliance-Monitoring Regulations. IRS has issued final and temporary regs, the text of which also serves as […]

Read the full article →

Regs & revenue procedure cover monitoring duties for low-income housing credit

Regs & revenue procedure cover monitoring duties for low-income housing credit

T.D. 9753, 02/23/2016; Reg. § 1.42-5; Reg. § 1.42.5T; Preamble to Prop Reg 02/23/2016; Prop Reg § 1.42-5; Rev Proc 2016-15, 2016-11 IRB TD 9753, Low-Income Housing Credit Compliance-Monitoring Regulations. PR 15034912, Notice of Proposed Rulemaking, Low-Income Housing Credit Compliance-Monitoring Regulations. IRS has issued final and temporary regs, the text of which also serves as […]

Read the full article →

Washington Alert – IRS warns of payroll email scheme; GAO critical of process to determine eligibility for enrollment or income-based subsidies required by the Affordable Care Act (ACA); During 2014, Low Income Taxpayer Clinics (LITCs) represented almost 20,000 taxpayers in disputes with IRS

Washington Alert – IRS warns of payroll email scheme; GAO critical of process  to determine eligibility for enrollment or income-based subsidies required by the Affordable Care Act (ACA); During 2014, Low Income Taxpayer Clinics (LITCs) represented almost 20,000 taxpayers in disputes with IRS

IRS issued an alert to payroll and human resources professionals concerning a proliferating email scheme with a focus on company payroll departments  involving purported company executives requesting personal information on employees. (IR 2016-34) According to the agency, several payroll and human resource offices have already been victimized. These entities mistakenly emailed payroll data that contained […]

Read the full article →

Washington Alert – Applications for Low Income Taxpayer Clinic (LITC) grants; Conn senators question charitable donations of conservation easements; Revisions of Publication 974, Premium Tax Credit; JCT paper on Present Law, Data, and Selected Proposals Relating to Multiemployer Defined Benefit Plans

Washington Alert – Applications for Low Income Taxpayer Clinic (LITC) grants; Conn senators question charitable donations of conservation easements; Revisions of Publication 974, Premium Tax Credit; JCT paper on Present Law, Data, and Selected Proposals Relating to Multiemployer Defined Benefit Plans

IRS announced that it is soliciting applications for “part-year” Low Income Taxpayer Clinic (LITC) matching grants from qualified organizations in specific geographic areas. (IR 2016-31) The supplemental application period will run from Mar. 1 to Apr. 1. LITCs provide representation to low-income taxpayers and education regarding taxpayer rights and responsibilities to individuals who speak English […]

Read the full article →

IRS changes guidance on low-income housing credit housing commitment rule

IRS changes guidance on low-income housing credit housing commitment rule

Program Manager Technical Advice 2015-003   In Program Manager Technical Advice, IRS has recommended: a) the withdrawal of a 2007 internal memorandum that gave its auditors specific instructions regarding the application of the “extended low-income housing commitment” rule under the low-income housing credit to a specific type of situation; and b) allowing the auditors more […]

Read the full article →

IRS expands temporary disaster relief provisions for low income housing credit

IRS expands temporary disaster relief provisions for low income housing credit

Rev Proc 2014-49, 2014-37 IRB IRS has issued a Revenue Procedure which expands provisions which provide temporary relief from certain low income housing tax credit (LIHTC) requirements for agencies and building owners. The revenue procedure also provides emergency housing relief for individuals who are displaced by a major disaster from their principal residences in certain […]

Read the full article →
Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

Read More

Connect With Paul on Social Media

Practice Areas & Information

Certifications &
Associations
Member CA Bar Member Orange County Bar US Tax Court Attorney