Sample Documents

 

> Audit Materials
> Audit Report and Financial Statement Format
> FASB 121/144 - Impairment Worksheets
> Tax Materials
> Tax-Credit Carryover and Other Considerations
> Tax Preparation and Compliance
> First-Year Credits and Elections

 

Audit Materials

Sample Audit Engagement Letter
NEF Required Documents Checklist
Sample Management Representation Letter
Sample CPA Independence Letter (required)
Audit Documents Sponsor Should Prepare for CPAs
Sponsor Guide for Reviewing Financial Statements
Overaudit Questionnaire Instructions
Analytical Review Template
Analytical Review Example
 

 

Audit Report and Financial Statement Format

Sample Report Introduction
Sample Financial Statements - Excel Format
Sample Footnotes - Word Format
 

 

FASB Statement 144 -- Impairment Worksheets

Impairment Analysis
FASB 121 - Initial Analysis
FASB 121 - Discounted Analysis
 

 

Tax Materials

Tax Return Checklist (use and submission is optional)
Electronic Work Papers
Reference Guide for Determining Eligible Basis
Sample Calculation for Determining Eligible Basis
Summary LIHTC Complicance Checklist
 

 

Tax-Credit Carryover and Other Considerations

10% Carryover Overview
10% Test Document
10% Test Pitfalls
 

 

Tax Preparation and Compliance

Record Rentention Guidelines
Impact Fees Includable in Eligible Basis
 

 

First-Year Credits and Elections

First-Year Credit Discussions
First-Year Credit Calculation Worksheet
First-Year Elections
 

 

The information and documents provided on this web site are intended to provide you assistance in reporting for your LIHTC partnerships. Any and all conclusions reached by the use of this information should be reviewed in detail and agreed to by both the general and limited partners of the partnership and their accountants.

 

Featured Project: Verne Barry Place

Verne Barry Place

Verne Barry Place is a creative example of building preservation and adaptation in Grand Rapids, Mich., designed to meet the needs of some of the area’s lowest-income residents. NEF invested $13.5 million on behalf of eight investors to fund this impressive "green" development.

The 116-unit supportive housing project, developed by Dwelling Place, Inc., features seven commercial spaces and serves homeless residents, including veterans.

View project profile.

NEF Project Portfolio >GO

Key Reporting Deadlines


November 30, 2009

Audit Engagement Letter

January 15, 2010
Waived Audit Documentation

February 15, 2010
Draft Financial Statements
Draft Tax Returns

February 28, 2010
Final 2009 Audit Report
Final 2009 Tax Return
Independence Letters
Analytical Review Support