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.