This is second in a three-part paper series covering tax matters throughout the timeline of a typical LIHTC project. Organized chronologically this paper covers tax topics encountered in the middle years of a project, including:
- Monitoring loss allocations and capital account
- Anticipating, avoiding, and addressing loss allocation issues
- Transfer of partnership interest
- Casualty losses
The paper is for CFOs and controllers who are responsible for reviewing and/or signing tax returns and related forms. It assists by providing the key tax issues to look for when reviewing.
Tax issues to be on the lookout for during the initial and final years of LIHTC project are also available. Also check out a webinar given by Dan King of CohnReznick on what to look for during the initial years of a project.