Novogradac & Company Llp

In this week's Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts the podcast off with the general news section, where he provides details about the tax extenders package that was advanced by the Senate Finance Committee last week. He will tell listeners which expired incentives made the cut and when Congress is expected to take up the extenders. He also discusses a bill designed to help victims of natural disasters by expanding the federal lowincome housing tax credit, new markets tax credit and historic tax credit in designated disaster zones. In the low-income housing tax credit (LIHTC) segment, he shares a report from the Government Accountability Office on why it thinks HUD and the IRS should team up to administer the Low-Income Housing Tax Credit program. Then, he talks about some significant changes being proposed to California's qualified allocation plan. He also shares how listeners can learn more about the options available to LIHTC property owners when their 15-year compliance period en