Tax Credit Tuesday Podcasts

Michael J. Novogradac, CPA, discusses what we can expect from Capitol Hill as Congress reconvenes, President Obama proposes job-boosting measures and the Super Committee continues to ramp up. He also shares details about the Journal of Tax Credits' 3rd Annual Developments of Distinction Awards. Then, he discusses HUD's collection of data about low-income housing tax credit property residents. He a...

Michael J. Novogradac, CPA, discusses a jobs proposal President Obama is expected to unveil in the coming weeks. He also discusses an OMB memo asking federal agencies to provide 5 and 10 percent cuts in their fiscal year 2013 budget requests; highlights and trends of HUD's proposed FY 2012 fair market rents; the revised MAP Guide; record-setting demand for FHA-insured financing; and TCAC's cost co...

Michael J. Novogradac, CPA, discusses the IRS's Industry Issue Resolution program; proposed 2012 fair market rents; applications for approximately $1 million in GO Zone tax credits in Louisiana; remarks about the renewable energy production tax credit made by presidential hopefuls during a recent straw poll in Iowa; a QEI issuance reminder for 9th round new markets tax credit applicants; and a new...

Michael J. Novogradac, CPA, discusses the members appointed to the Joint Select Committee on Deficit Reduction, and an update on the ongoing discussions about tax reform. Then, he discusses the IRS's updated procedures and resources for its Tax Exempt Bond Voluntary Closing Agreement Program, and the invitation for public input on new options for selling single-family real estate owned properties...

Michael J. Novogradac, CPA, discusses key dates ahead for the deficit reduction efforts in Washington, D.C. Then he summarizes new information about the 2011 new markets tax credit allocation applicants. He also discusses two bills introduced last week that would expand the use of new markets tax credits and examines the latest QEI issuance report. In the historic tax credit segment, he provides a...

Michael J. Novogradac, CPA, discusses the debt limit developments in Washington, D.C. He also discusses the efforts of the Rental Policy Working Group, highlights from NCSHA's 2009 low-income housing tax credit utilization data, findings of a cost analysis of permanent supportive housing, and Novogradac & Company's plans to celebrate the 25th anniversary of the low-income housing tax credit. In th...

Michael J. Novogradac, CPA, discusses the status of tax reform and deficit reduction talks in Washington, D.C. He also discusses the Affordable Housing Tax Credit Coalition's rebuttal of Senator Coburn's proposal to eliminate the low-income housing tax credit; the latest edition of the IRS's Low Income Housing Credit Newsletter; an announcement about the Novogradac New Markets Tax Credit Mapping T...

Michael J. Novogradac, CPA, discusses the status of tax reform and deficit reduction talks in Washington, D.C. He also discusses a bill that would eliminate several tax expenditures; an IRS report about post-issuance tax-exempt bond compliance; relief for LIHTC properties in North Dakota; a TCAC memo regarding cost containment; legislation that would reinstated the stalled PACE program; renewable...

Michael J. Novogradac, CPA, discusses the status of tax reform and deficit reduction talks in Washington, D.C. He also reviews IRS comment invitations related to the LIHTC; shares news of the enactment of Hawaii's state level LIHTC cash grant exchange program; and discusses California's second LIHTC application round and the elimination of redevelopment agencies. Next, he provides more information...

Michael J. Novogradac, CPA, discusses the status of tax reform and deficit reduction talks in Washington, D.C. and rumors of Sec. Timothy Geithner's exit from Treasury. He reviews the changes to HUD's 2011 income limits. Next, he reviews Treasury guidance on Section 1603 solar projects, summarizes the Renewable Energy Parity Act, discusses Oregon's elimination of the Business Energy Tax Credit and...

Michael J. Novogradac, CPA, discusses the status of deficit reduction talks in Washington, D.C. Then, he reviews a call to action from the Housing Advisory Group, a report from the Federal Housing Finance Agency about Fannie Mae and Freddie Mac, and the future of Texas's low-income housing tax credit allocating agency. Next, he shares the latest news about the 9th round of NMTC applications as wel...

Michael J. Novogradac, CPA, discusses the status of deficit reduction talks in Washington, D.C. Then, he shares several announcements related to low-income housing tax credits being used to provide relief to the victims of recent storms, tornadoes and flooding that have devastated numerous states. Next, he review the new resources made available last week to New Markets Tax Credit applicants. In t...

Michael J. Novogradac, CPA, discusses tax reform and deficit reduction talks in Washington, D.C.; highlights from the Spring New Markets Tax Credit Conference; key findings of a Novogradac & Company study that assesses the track record of the lowincome housing tax credit program; disaster relief provisions for victims of the recent flooding in Mississippi; an update on the IRS's appeal in the Hist...

Michael J. Novogradac, CPA, discusses tax reform proposals in in Washington, D.C. the 9th new markets tax credit notice of allocation availability; NMTC regulations proposed to facilitate more non-real estate investments in distressed areas; the 2011 income limits; legislation to allow service members to exclude basic allowance for housing from income when applying LIHTC housing; FHA's new Green R...

Michael J. Novogradac, CPA, reviews testimony about the new markets tax credit given by CDFI Fund Director Donna Gambrell; summarizes changes made last week to the procedures for obtaining historic preservation certifications for rehabilitating historic structures; previews findings of the second annual study on the economic impact of the federal historic tax credit; reviews the contents of the ne...

Michael J. Novogradac, CPA, shares an update on tax reform and deficit reduction talks in Washington, D.C. Then he reviews the findings of a report about states' reporting of tax expenditures. Next, he summarizes the findings of a report that suggests the LIHTC could be used to address housing shortages at some military installations, and discusses a bill that would abolish the National Housing Tr...

Michael J. Novogradac, CPA, discusses recent IRS comments about the economic substance doctrine and recent reports about whistleblower activity in the municipal bond market. He also shares another brief update on the budget and deficit talks taking place in Washington, D.C. Then, he discusses a bill introduced last week to extend the new markets tax credit for five years at $5 billion. Next, he ex...

Michael J. Novogradac, CPA, updates on what lies ahead for congressional lawmakers in the coming weeks. Then he discusses a new fact sheet about the renewable energy investment tax credit that has been posted online, as well as new research released by the Department of Energy's National Renewable Energy Laboratory. Next, he reviews highlights of the Joint Center for Housing Studies' latest report...

Michael J. Novogradac, CPA, discusses an article from the Washington Examiner that is critical of the Section 1603 renewable energy cash grant program. Then he shares a state level update about the Business Energy Tax Credit (BETC) in Oregon. In the low-income housing tax credit discussion, he congratulates the winners of the Affordable Housing Tax Credit Coalition's annual awards program and shar...

Michael J. Novogradac, CPA, discusses the final figures for fiscal year 2011 funding as well as some thoughts about the upcoming congressional vote on raising the debt limit. He also shares an IRS invitation to submit suggestions for guidance projects. In renewable energy news, he summarizes the latest guidance from Treasury about the Section 1603 program. Then he talks about a letter in which the...

Michael J. Novogradac, CPA, updates listeners on the federal budget for the remainder of fiscal year 2011. Then he discusses the House Republicans' proposed budget for fiscal year 2012 and the latest legislative developments on the tax reform front. In historic tax credit news, he shares a preview of Novogradac & Company's webinar about the Virginia Historic Tax Credit Fund case. He also talks abo...

Michael J. Novogradac, CPA, updates listeners on the ongoing federal budget negotiations. Then he discusses bonus depreciation guidance from the IRS; an update on tax patent legislation; the U.S. Court of Appeals reversal of the Tax Court ruling in Virginia Historic Tax Credit Fund case; the IRS's notice to appeal the Historic Boardwalk Hall case; insights from the National Park Service's annual r...

Michael J. Novogradac, CPA, updates listeners on the ongoing federal budget negotiations. Then he discusses efforts by lawmakers in New York to reinstate the Historic Rehabilitation Tax Credit Program. Then he previews his most recent blog posting, in which I respond to unfair commentary about the New Markets Tax Credit program. Turning to low-income housing tax credit matters, he discusses Senate...

Michael J. Novogradac, CPA, updates listeners on the federal budget, examines a HUD report on Recovery Act programs in cities, shares highlights from a Congressional briefing organized by the New Markets Tax Credit Coalition, introduces the Novogradac & Company NMTC mapping tool, addresses policy concerns about historic properties' development standards, examines a Federal Reserve Bank of Dallas r...

Michael J. Novogradac, CPA, reviews the status of tax patent legislation as well a new bill introduced last week to extend the Section 1602 exchange program and improve the new markets tax credit. Then he discusses a suggestion from the GAO to convert the new markets tax credit to a grant program. Next, he shares welcome news from the National Park Service, which last week began posting copies of...