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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: Near North
This five-story, 96-unit building in Chicago takes a fresh approach to SRO development with a remarkable design by noted architect Helmut Jahn.
Near North features many “green” elements rarely found in affordable housing developments, including aeroturbines, solar thermal collectors, a grey water system and recycled rainwater. Sponsor Mercy Lakefront, provides on-site supportive services that help formerly homeless residents reclaim their independence.
View project profile.
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Key Reporting Deadlines
Nov. 30, 2007
Audit and Tax Engagement Letter
Before Feb. 15, 2008
Draft Partnership Financial Statements and Tax Returns
for NEF, Inc. Review
Before Feb. 28, 2008
Independence Letters, Peer Reviews and Workpapers
FINAL Audited Financial
Statements with signed
opinion and Tax
Returns