Taxes and Accounting for Affordable Housing: Essential Updates for 2021

Date: Thursday, October 7

Time:  10:30 am – 11:30 am PDT (1:30 pm -2:30 pm EDT)

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Presenters:

Fritz Duncan, CPA, Partner and Shareholder, Jones & Roth CPAs & Business Advisors

Kari Young, CPA, Partner and Shareholder, Jones & Roth CPAs & Business Advisors

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Description:

Taxes and accounting for affordable housing can be complex. Managing a long-term strategy, from tax credit application through year 15, is critical for housing development success. In this session, presenters will call out and explore the essential tax and accounting updates related to affordable housing for 2021. Attendees will learn about developments affecting lease-up, year 15 considerations, tax basis tracking, exit taxes, income averaging, and other aspects of these complex but important subjects.