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Register today for our October 26 Affordable Housing Webinar featuring A.J. Johnson

Registration is now open for McKonly & Asbury’s Affordable Housing Webinar scheduled for October 26, 2023. The webinar will feature A.J. Johnson, President of A.J. Johnson Consulting Services, Inc., a full-service real estate consulting firm specializing in due diligence and asset management issues, with a particular emphasis on properties utilizing the Low-Income Housing Tax Credit.

The webinar will be held on Thursday, October 26, 2023, from 9:00AM – 3:30PM.

The topic for this webinar is: Meeting IRS Requirements for the Low-Income Housing Tax Credit Program.

One of the key requirements for the protection of the credits in a Low-Income Housing Tax Credit (LIHTC) property is a full understanding of how the IRS defines “noncompliance.” These requirements are outlined in the Guide for Completing Form 8823 (the “8823 Guide”) – a guide published by the IRS to assist Housing Finance Agencies in understanding the compliance monitoring requirements of the LIHTC program. This training describes in detail each of the elements of noncompliance reportable on the IRS Form 8823. A description of each type of noncompliance is discussed and includes a detailed discussion of the requirements relative to each area, as well as a description of when noncompliance occurs and acceptable methods of correction. The session features a detailed review of the program requirements in the areas most likely to result in a loss of credits – habitability, affordability, and eligibility. Also, a detailed review of all the issues relating to the establishment of eligible basis is included. Unlike most LIHTC training, this session is presented from the point of view of the IRS, which will provide owners and managers of LIHTC properties with a unique perspective regarding how to protect the credits for these important properties.

Webinar Agenda:

  • Morning session from 9:00am to 11:30am with a 15-minute break
  • 1.5-hour lunch break from 11:30am to 1:00pm
  • Afternoon session from 1:00pm to 3:30pm with a 15-minute break

Continuing Education:

Attendees are eligible for up to 5.25 Continuing Professional Education Hours (Tax). The level of the content is advanced and prior knowledge of and experience with the Low-Income Housing Tax Credit is the only prerequisite.

Registration:

The webinar training fee is $175. Groups of 3 or more registrations will receive a $25 discount. The training link will be sent to attendees via email closer to the date.

Refund Policy: Full refunds will be granted through Thursday, October 19. Cancellations after October 19 and ‘no shows’ will not be refunded. Substitutions are welcome; please notify us in advance using the contact information below.

Contact

If you have any questions, please contact us at affordablehousing@macpas.com and we’d be happy to assist!

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