News
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Tax Court: Cost Segregation - Is Your Documentation Sufficient? In March 2012, the United States Tax Court issued a decision that will have an impact on taxpayers who have used cost segregation studies to determine depreciation deductions for multifamily housing projects. |
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IRS: Changes to 179D Energy-saving Percentages On February 24, 2012, the IRS issued a notice announcing a change in the energy-saving percentages that qualify a taxpayer for a partial deduction of the cost of energy-efficient improvements made to commercial buildings. |
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The Low-Income Housing Tax Credit Program at Year 25: A Current Look at its Performance This report examines the 2008 – 2010 performance of low-income housing tax credit properties. |
A recent article in Tax Credit Advisor explored the demand for low-income housing tax credit dollars and the corresponding drop in fund yields. The article quotes that "the drop in yields is being caused by the continuing rise in prices paid by syndicators and directors to developers for new tax credit deals – in both CRA and non-CRA markets. Demand is still outpacing supply and there is an incredible amount of competition for every deal."
Commenting on the yield decrease, TCIS Reznick Group Principal, Fred Copeman, said "between the end of the first quarter of 2010 through the end of the first quarter of 2011, yields went down an average of 50 basis points a month, which is really unprecedented by housing credit historical standards."
Read the article.