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Due Diligence in LIHTC Compliance: Protecting Your Tax Credits
Wednesday, March 5, 2025 | 2:00 p.m. – 3:00 p.m. ET
This webinar will explore how to avoid a loss of LIHTC tax credits with proactive policies and procedures, how to respond when noncompliance is cited, and if the 8823 is issued, how to document “due diligence” to mitigate potential credit loss.
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In January 2024, the IRS released the “8823 Audit Guide” for LIHTC properties, emphasizing that thorough documentation and due diligence are essential for protecting tax credits from audits. This webinar will explore what due diligence entails, how to document it properly and how to demonstrate it to avoid losing credits. Attendees will gain insights from real-world examples tested by state Housing Finance Agencies (HFAs) and the IRS, covering how to implement proactive policies and procedures to prevent tax credit loss, how to respond when noncompliance is cited by state HFAs and how to document due diligence to reduce the risk of losing LIHTC credits.
What You’ll Learn:
- How to develop policies and procedures that will protect your LIHTC Tax Credits.
- How to respond to State HFAs in a manner that best protects your LIHTC Tax Credits.
- If you get an 8823, how you can best document your tax records to mitigate loss of LIHTC Tax Credits.
Speakers:
- Gina Metzger (Moderator) - Senior Vice President of Affordable Housing Compliance, Fairfield
- Jen Brewerton – Vice President of Compliance, Property Management, Dominium
- Gary Kirkman - Director of Compliance Training, US Housing Consultants
CE Credit: NAHB – 1.0 CE hour(s)
Can’t attend but don’t want to miss out? Replays will be available to all registrants throughout 2024.
If you have any questions, please contact [email protected]