It’s that time of the year again to prepare for your partnership’s calendar year end audits and tax returns. Below are some tips to help owners and managers of affordable housing partnerships help ensure reporting deadlines are met and to minimize the disruption by auditors and tax preparers to your day to day operations.

The president signed a $1.5 trillion tax cut bill into law on December 22, 2017. The law retained the Low Income Housing Tax Credit (LIHTC) and preserved the tax exemption for private activity bonds. However, there are a number of changes that will have an indirect impact on how affordable housing properties are financed and operated. Let’s start with five.