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Form 8609 a Rev January Fill in Capable
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People also ask
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What does 8609 mean?
Form 8609 is the IRS document that credit allocating agencies give to property owners as evidence that the owner is eligible to claim low-income housing tax credits (LIHTCs).
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Who elected the minimum set aside on IRS form 8609?
The minimum set-aside election for a project is made by the owner after the first year of the credit period on IRS Form 8609 line 10(c).
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What is form 8586?
This form is used by owners of qualified residential rental buildings in low-income housing projects to figure the amount of their low-income housing credit, a component of the general business credit.
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What is the IRS form 8609 used for?
Form 8609 can be used to obtain a housing credit allocation from the housing credit agency. A separate Form 8609 must be issued for each building in a multiple building project. Form 8609 is also used to signNow certain information. Housing credit agency.
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What is form 8609?
Form 8609 can be used to obtain a housing credit allocation from the housing credit agency. A separate Form 8609 must be issued for each building in a multiple building project. Form 8609 is also used to signNow certain information. Housing credit agency.
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Are you treating this building as part of a multiple building project for purposes of section 42?
It is, “Are you treating this building as part of a multiple building development for purposes of Section 42?” Answering “No” to this question on line 8b means two or more buildings that share the same LIHTC allocation will be viewed in the eyes of the IRS as being two separate developments.
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What tax form is filled out every January?
You must issue a Form W-2 to every employee who you paid during the year and withheld certain taxes from their paychecks. Per IRS guidelines, employers must issue a Form W-2 to every employee who worked for them in a year by January 31 of the following year.
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How to amend 8609?
Amended form. Check this box if this form amends a previously issued form. Complete all entries and explain the reason for the amended form. For example, if there is a change in the amount of initial allocation before the close of the calendar year, file an amended Form 8609 instead of the original form.
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