Tax Credit Tuesday Podcasts

Michael J. Novogradac, CPA, updates listeners on the budget and deficit talks taking place in Washington, D.C. and shares updates from several congressional hearings. Then he reviews the National Low Income Housing Coalition's annual Out of Reach report; HUD's new multifamily rental project closing documents; the impact of LIHTC financed developments on local schools; and two white papers released...

Michael J. Novogradac, CPA, shares an update on the status of federal funding negotiations in Congress. Then he reviews the latest qualified equity investment report from the CDFI Fund, and some information about a new Project Profile tool that new markets tax credit allocatees can use to share their success stories with the public. Next, he previews the March Journal of Tax Credits and the Nation...

Michael J. Novogradac, CPA, shares update on the status of federal funding negotiations in Congress; reviews details of the much-anticipated eighth round of new markets tax credit allocations; discusses state historic tax credit developments in Michigan, New Jersey and Minnesota; examines a recent article about tax reform that erroneously asserts that the burden of eliminating the LIHTC would fall...

Michael J. Novogradac, CPA, updates listeners on the status of funding for the federal government; announces the winner of the Superbowl Commercial contest; and reviews at the National Park Service's annual report about historic tax credit activity in 2010. Then, he discusses recent federal and state renewable energy legislation; shares an update from the Novogradac New Markets Tax Credit Working...

Michael J. Novogradac, CPA, shares his initial impressions of the Obama Administration's budget proposal for fiscal year 2012. Then he discusses the Administration's proposal to reform the nation's housing finance system; recent IRS guidance on the taxability of TCAP grants; the National Offshore Wind Strategy; two community development projects in Chicago that demonstrate the direct benefits the...

Michael J. Novogradac, CPA, discusses tax patent legislation; anticipates the 2010 New Markets Tax Credit program allocations; informs listeners of recently released NMTC and HTC guidance from the Health Resources and Services Administration; informs listeners about the NMTC Coalition's selection of Annie Donovan as president; mentions NMTC media attention; outlines Sen. Jeff Bingaman's energy pol...

Michael J. Novogradac, CPA, discusses President Obama's State of the Union address; shares highlights from the New Markets Tax Credit Conference; updates listeners on two bills introduced in Congress related to renewable energy tax credits, and a Federal Claims Court decision regarding the Section 1603 renewable energy cash grant exchange program; discusses legislation to extend an important deadl...

Michael J. Novogradac, CPA, discusses legislation that would prohibit the patenting of tax planning strategies. Then he reviews the IRS's work plan for tax-exempt bond issues and discusses several state level issues related to affordable housing. Next, he shares an announcement about a new program designed to promote renewable energy in Tribal communities and discusses renewable energy legislation...

Michael J. Novogradac, CPA, shares news about Ways and Means Committee Chairman Dave Camp's plans for comprehensive tax reform. Then he reviews rules published by the Federal Housing Finance Agency regarding Fannie Mae, Freddie Mac and the Federal Home Loan Banks. He also reviews multifamily housing market analysis released by the National Association of Home Builders. Next he discusses two renewa...

Michael J. Novogradac, CPA, the chances for future tax extenders in light of impending debate in Congress over fiscal policy; last week's positive decision from the U.S. Tax Court in Historic Boardwalk Hall LLC v. Commissioner; IRS guidance regarding what constitutes a "significant changes" for Section 48C projects; comments submitted to HUD by the Novogradac LIHTC Working Group regarding proposed...

Michael J. Novogradac, CPA, discusses what to expect when Congress convenes this week; how states scored in a ranking of their use of Tax Credit Assistance Program funds; the possible timing of the next round of new markets tax credit allocations and applications; guidance regarding the deduction for renewable energy under Section 179D; and guidance regarding Colorado's Conservation Easement Tax C...

Michael J. Novogradac, CPA, take a look at the year 2010 in review for the low-income housing tax credit, new markets tax credit, renewable energy tax credits and historic tax credits. He also discusses a little of what lies ahead for these tax credits in 2011.

Michael J. Novogradac, CPA, summarizes what was included in the final tax extenders packaged approved by Congress last week. Then he shares information from two reports about the new markets tax credit program, including projections for job creation based on the new two year extension of the credit. Next, he discusses a memo released by the California Debt Limit Allocation Committee that addresses...

Michael J. Novogradac, CPA, brings listeners up to speed on the status of tax extenders legislation and reviews the IRS's priority guidance plan for the coming months. Next, he talks about a private letter ruling released last week that granted an extension of time to file an application for certification of historic status. He also shares more detailed information regarding $16 million available...

Michael J. Novogradac, CPA, discusses the latest status of tax extenders legislation and other developments from the current, ongoing lame duck session of Congress. Then he discusses a bipartisan letter support for an extension of the Section 1603 renewable energy cash grant program in Congress, and describes a regulation change at the Department of the Interior that is expected to facilitate deve...

Michael J. Novogradac, CPA, shares information about a Federal Housing Administration pilot program that will speed up the processing of low-income housing tax credit transactions; summarizes a recent agreement reached over Montana's qualified allocation plan; and discusses Louisiana Housing Finance Agency's state housing needs assessment. Then he reviews a report from the Federal Reserve Bank of...

Michael J. Novogradac, CPA, provides an update of the Congressional calendar, the status of the tax extenders and tax expenditures, and the Basel III rules; discusses the President's Fiscal Commission's draft report of proposed recommendations and Sen. Grassley's questions about the Build America Bonds program; examines a Harvard's Joint Center for Housing Studies report on lowincome housing tax c...

Michael J. Novogradac, CPA, examines the National Commission on Fiscal Responsibility and Reform's draft report and shares a congressional update. Next, he discusses efforts to support the extension of the Section 1602 cash grant exchange program; shares new tools provided by the Housing Advisory Group to help educate lawmakers on the benefits of the LIHTC; and summarizes a new market rate tax cre...

Michael J. Novogradac, CPA, reviews the results of last week's mid-term elections. Then, he discusses important news for the renewable energy community, including new documents posted last week by the Treasury Department regarding the Section 1603 cash grant program. Then he shares a comment letter submitted by the LIHTC Working Group to the Treasury Department about the Volcker Rule. Next he exam...

Michael J. Novogradac, CPA, discusses what's at stake in today's midterm elections and shares another update on tax extenders legislation. Then, he reviews the inflation-adjusted LIHTC and private activity bond caps for 2011; shares the IRS's announcement about the 2010 national pool; summarizes HUD's proposed rules for the national Housing Trust Fund; and shares information a NOFA released by the...

Michael J. Novogradac, CPA, shares updates on tax extenders and the president's fiscal reform commission. Then, he discusses an announcement for Recovery Act's Section 1602 grant recipients and reviews the findings of a GAO report on the reporting requirements of three HUD programs, including the Tax Credit Assistance Program. Next, he talks about the announcement of Ohio's first round of state ne...

Michael J. Novogradac, CPA, discusses a recent White House conference focused on rental housing policy, the inaugural round of Capital Magnet Fund awards, a position opening at the Community Development Financial Institutions Fund, the National Park Services' proposed changes to historic certification procedures, Section 1603 safe harbor compliance testing, a report from the Solar Energy Industrie...

Michael J. Novogradac, CPA, discusses a White House report that lists 100 projects funded by the Recovery Act, the significance of HUD's 2011 fair market rents, and a report that ranks green building elements in low-income housing tax credit qualified allocation plans. He also recaps a court ruling concerning a historic tax credit property that defaulted during its recapture period. He reviews the...

Michael J. Novogradac, CPA, shares an update on what's in store for Congress. He also discusses recent comments from a representative of the Joint Committee on Taxation regarding the codification of the economic substance doctrine; reviews newly posted fair market rents for 2011; talks about IRS LIHC Newsletter #41; mentions potential changes to NCSHA's recommended practices and shares proposed ch...

Michael J. Novogradac, CPA, discusses the possible effect of new Basel III regulations on tax credit investing. He also reviews a report from the Government Accountability Office regarding the Recovery's Act's low-income housing tax credit programs, as well as a proposal to implement an LIHTC program in Canada. Then he summarizes new markets tax credit investment data through 2009; new legislation...