Location:
Recorded Webinar
Date & Time:
01/06/2022 - 1:00 pm (ET)
Recording available until 03/07/22
Session Length:
1 hour
Registration Fee:
$40.00
Details: This session is being conducted using our online training platform, AJJCSTraining.com.
On December 27, 2020, the FY 2021 Omnibus Spending and COVID-19 Relief Bills became law. One provision of that law was setting the 4% LIHTC at a floor of 4 percent. The provision was effective for acquisition tax credits allocated after December 31, 2020, and for bond-financed properties placed in service and receiving a bond issue after December 31, 2020. The IRS has now issued Revenue Ruling 2021-20, providing clarity on when taxpayers may claim the fixed four percent credit for acquisition and bond projects. The ruling addresses three separate issues relating to the 4% credit: (1) Does the minimum 4% applicable percentage (4% floor) apply to buildings that are financed in part with a draw-down of tax-exempt bonds that were issued in 2020 but had drawn downs of the proceeds in 2021; (2) Does the minimum 4% applicable percentage (4% floor) apply to buildings that were financed with tax-exempt bonds issued in 2020 but then had a “de minimis” bond issue after 2020; and (3) Does the minimum 4% applicable percentage (4% floor) apply to buildings that received an allocation of credits in 2020 and a “de minimis” additional allocation after 2020? This one-hour live webinar will provide a detailed overview of the Revenue Ruling, with specific examples relating to each of the three issues. At the end of the webinar, participants will have a full understanding of when the 4% credit may (and may not) be claimed.
This course was created by A. J. Johnson, a nationally recognized leader in affordable housing compliance. A. J. is also the instructor for this course. This means you are not only being taught by an expert, but you also have the opportunity to easily interact with him. This is the perfect opportunity to get solid, accurate answers to your questions.
Our training platform is built on the premise that it should be easy to use, and work for you. Our webinars are conducted via Zoom, but you do not need a Zoom account to participate. You will be provided with a Meeting ID and Password. Joining the webinar is as easy as clicking a button, no more searching for emails with links, all of the information you need is in one place.
If you can't make it to the session at the scheduled time, or want to re-watch the session, you'll have access to the recorded version for 60 days after the session ends.
You'll still be able to get a certificate if you can't view the session live.
You will be provided your certificate the same day you take the course, and no action is required on your part. After the training, you will be emailed instructions for downloading your certificate.
Since this is a live webinar, you're able to ask your questions in real-time. There are options for asking your question publicly, or privately, so don't be shy, this is the perfect time to get answers to your questions.
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