The U.S. Treasury Department and IRS this afternoon released for publication in the Federal Register final regulations (T.D. 9848) concerning compliance monitoring rules for the low-income housing credit under section 42.
The final regulations [PDF 238 KB] revise and clarify the requirement to conduct physical inspections and review low-income certifications and other documentation.
The regulations are scheduled to be published in the Federal Register on February 26, 2019.
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