IRS 50(d) Followup Letter
January 9, 2015In December 2014, the Historic Tax Credit Coalition sent a 50(d) letter to the IRS and U.S. Treasury to follow up on the September 2014 meeting on forthcoming 50(d) guidance. At the request of the Coalition, guidance on 50(d) was placed on the 2015 Priority Guidance List. The letter urges that any 50(d) guidance be prospective only, with no retroactive application to close transactions. The letter also provides suggested transition and effective date language.
Download the letter here:
http://historiccredit.com/wp-content/uploads/2015/01/IRS-50d-followup-letter-FINAL-12-3-14.pdf
Category: Tax Credit News
IRS 50(d) Followup Letter
January 9, 2015In December 2014, the Historic Tax Credit Coalition sent a 50(d) letter to the IRS and U.S. Treasury to follow up on the September 2014 meeting on forthcoming 50(d) guidance. At the request of the Coalition, guidance on 50(d) was placed on the 2015 Priority Guidance List. The letter urges that any 50(d) guidance be prospective only, with no retroactive application to close transactions. The letter also provides suggested transition and effective date language.
Download the letter here:
http://historiccredit.com/wp-content/uploads/2015/01/IRS-50d-followup-letter-FINAL-12-3-14.pdf
Category: Tax Credit News