Novogradac & Company Llp

Michael J. Novogradac, CPA, discusses the latest tax credit news. In general news, he discusses the election results and potential changes to congressional committees as well as recent comments from lawmakers about the fiscal cliff. In low-income housing tax credit news, he alerts listeners to the Internal Revenue Service's waiver of income requirements for families displaced by Hurricane Sandy and a comment deadline for Form 8611, as well as MaineHousing's new smoke-free policy. In historic tax credit news, he touches on the way states are assessing Hurricane Sandy's damage to historic properties. In new markets tax credit news, he discusses a proposal for a Gulf Opportunity Zone-like tax credit for Hurricane Sandy affected areas and alerts listeners to the availability of Novogradac and Company's recording of its NMTC Conference in New Orleans last month. Finally, his renewable energy tax credit segment features renewable energy organizations' response to the election.