Hot Topics
NEF, Inc. will periodically provide you with information on things to consider in accounting for your low-income tax credit project. We will provide updates on changes to the IRC or the GAAP reporting requirements that may have an impact on LIHTC reporting. This list should not be considered all-inclusive. You should take steps to ensure that all pertinent rules are being followed.
Memos
New IRS Schedule M-3 Requirement: View
Featured Project: Seneca SRO
This $15 million project exemplifies both collaboration and creative financing that addresses a dire housing shortage in Buffalo, N.Y. Developed by two organizations with stellar track records -- DePaul Group and STEL -- in providing supportive housing for persons living with psychiatric disabilities and other special needs populations, the 75-unit Seneca SRO was built upon the former site of an asbestos-ridden bowling center, and it is one of the first projects to leverage tax credits and private debt with OMH funding.
View project profile.
NEF Project Portfolio >GO
Key Reporting Deadlines
Nov. 30, 2008
Audit and Tax Engagement Letter
Before Feb. 15, 2009
Draft Partnership Financial Statements and Tax Returns
for NEF, Inc. Review
Before Feb. 28, 2009
Independence Letters, Peer Reviews and Workpapers
FINAL Audited Financial
Statements with signed
opinion and Tax
Returns