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Podcast

BuzzHouse: IRS hearing on average income and 4% rate with tax attorney Glenn Graff

Baker Tilly's podcast series specifically for professionals in the multifamily housing industry

Tax attorney and industry titan, Glenn Graff, joins BuzzHouse fresh off the March 24 Internal Revenue Service (IRS) public hearing on proposed regulations related to the average income test for low-income housing tax credit (LIHTC) properties. Glenn shares his key takeaways from the hearing and touches on other hot button issues dealing with affordable housing including additional clarification around Notice 2021-12 and the 4% locked credit rate.

Special guest

Glenn Graff, Tax Attorney at Applegate & Thorne-Thomsen

As chair of Applegate & Thorne-Thomsen’s tax group, Glenn provides tax credit structuring assistance to developers, syndicators and investors in LIHTC, historic rehabilitation tax credits, investment tax credits for renewable energy properties and structuring tax-advantaged transactions. He is also an expert witness in tax credit transactions and has represented clients in tax disputes before the IRS, U.S. Tax Court and local tax authorities.

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The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely.  The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.

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