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WSHFCAMCTax Credit Compliance Procedures Manual Form

WSHFCAMCTax Credit Compliance Procedures Manual Form

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What is a W-9 tax form? What is a W-9 tax form?

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Video instructions and help with filling out and completing WSHFCAMCTax Credit Compliance Procedures Manual Form

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Instructions and help about tenant household information

so what happens if we have insufficient documentation the IRS gives us two options a new income certification or a retroactive certification so let's look at the pros and cons of both so let's say we have this household they moved in in July property manager verified all their income the state says hey we're going to come out inspect your files they come out in February and they say oh you have insufficient documentation here there's an 18 year old in this household that you forgot to verify his income you're like oh that's no good I better fix that they're going to have to issue formate 823 because they found it wasn't corrected yet but the IRS gives you two options you can correct it by doing a new certification so basically the old certification of July is no longer valid because it was incomplete and you do a new certification dated March 3rd and then you fix the compliance going forward this is a bad approach because

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