Get the free Form 8609 (Rev. December 2006) (Fill-In Capable). Low-Income Housing Credit Allocati...

Form 8609 Low-Income Housing Credit Allocation and Certification (Rev. December 2006) Department of the Treasury Internal Revenue Service Part I Check if: A OMB No. 1545-0988 Allocation of Credit.

How to fill out form 8609 rev december

How to fill out form 8609 rev December?

1. Start by obtaining the form: Form 8609 rev December can be obtained from the official website of the Internal Revenue Service (IRS) or through local IRS offices.
2. Read the instructions: Before filling out the form, it is essential to carefully read the instructions provided. These instructions will guide you through each section of the form and provide important information regarding eligibility criteria, required documentation, and submission procedures.
3. Provide general information: Begin by filling out the general information section of the form, which includes details such as your name, address, and taxpayer identification number.
4. Complete Part I: Part I of form 8609 rev December pertains to the housing credit allocation and certification. This section involves providing information about the project for which the form is being filed, including the name, address, and the date the project was placed in service.
5. Fill out Part II: Part II of the form focuses on the low-income housing credit allocated to the project. In this section, you will need to provide details about the allocation of the credit, including the allocation agency, the date of the allocation, and the amount of credit allocated.
6. Complete Part III: Part III of the form involves the certification by the taxpayer. Here, you will verify the accuracy of the information provided and affirm that you have met all the requisite eligibility criteria.
7. Review and submit: Once you have completed all the necessary sections, carefully review your form to ensure all information is accurate and complete. Make sure to attach any required documentation as specified in the instructions. Finally, sign and date the form before submitting it to the relevant authorities.

Who needs form 8609 rev December?

1. Developers and owners of low-income housing projects: Form 8609 rev December is primarily used by developers and owners of low-income housing projects to claim the low-income housing tax credit. This credit is designed to incentivize the construction and rehabilitation of affordable rental housing for low-income individuals and families.
2. Taxpayers applying for the low-income housing tax credit: Individuals or entities interested in claiming the low-income housing tax credit must complete and submit form 8609 rev December as part of the application process. This form provides crucial information about the project and helps determine the credit amount for which the taxpayer is eligible.
3. Allocation agencies: Allocation agencies responsible for distributing the low-income housing tax credit also utilize form 8609 rev December. This form provides them with essential information regarding the project and helps them allocate the credits effectively.

Note: It is important to consult with a tax professional or refer to the latest instructions provided by the IRS to ensure accurate completion of form 8609 rev December, as requirements and procedures may vary or change over time.

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What is form 8609 rev december?

Form 8609 rev December is a tax form used by the Internal Revenue Service (IRS) for documenting Low-Income Housing Tax Credit (LIHTC) allocations.

Who is required to file form 8609 rev december?

Developers of low-income housing projects are required to file Form 8609 rev December when applying for LIHTC allocations.

How to fill out form 8609 rev december?

To fill out Form 8609 rev December, you need to provide information about the low-income housing project, such as the total property costs, number of low-income units, and the certification of compliance.

What is the purpose of form 8609 rev december?

The purpose of Form 8609 rev December is to allocate the Low-Income Housing Tax Credit (LIHTC) to eligible low-income housing projects.

What information must be reported on form 8609 rev december?

Form 8609 rev December requires information about the low-income housing project, including the project's identifier, number of low-income units, total project costs, and certifications of compliance.