In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, starts off with an update on the presidential primaries. Then, he touches briefly on a tax reform hearing scheduled for today in the House Ways and Means Tax Policy Subcommittee. After that, he discusses the IRS’ plans to prioritize the guidance it will issue for 2016 and 2017. Then, he’ll share news about a deadline extension to comment on the IRS’ new partnership audit rules. In the low-income housing tax credit section, he discusses the course of action that the California Tax Credit Allocation Committee is considering to address over-allocation of its state low-income housing tax credits. In new markets tax credit news, he talks about the deadline extension to comment on the Capital Magnet Fund’s interim rule. In the historic tax credit section, he’ll have updates on a state historic tax credit program that has narrowly escaped being put on ice for two years. And he closes out with renewable energy tax credit news, where he discusses efforts to extend tax credits for certain renewable energy technologies that weren’t included in the recent extension of the investment tax credit.
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