August 7, 2003
IRS Says Housing Issues Will Be Priority
The Treasury Department has announced its priorities for offering guidance on tax laws affecting charities for the next year.
Among the new items: clarifying how charities can take better advantage of federal tax legislation encouraging their participation in the development of low-cost housing. The Low Income Housing Tax Credit Program requires that 10 percent of all tax credits go to projects sponsored at least in part by charities. But experts say the Internal Revenue Service has
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