Get the free irs form 8609 schedule a

Form 8609-A will be available on www.irs.gov in late January 2006. SCHEDULE A Form 8609 OMB No. 1545-0988 Annual Statement Rev. November 2003 Department of the Treasury Internal Revenue Service A Building owner s name B Identifying number E F 36a C Building identification number D Attachment Sequence No. Attach to Form 8609 and file with owner s Federal income tax return. Do you have in your records the original Form 8609 issued by the housing c...

How to fill out irs form 8609 schedule

How to fill out irs form 8609 schedule:

1. Gather all necessary information and documents, such as property details, tax identification numbers, and tenant income certifications.
2. Fill in the first section of the schedule, which requires basic information about the property, including its name, address, and the date it was placed in service.
3. Enter the total number of low-income housing units on line 1a and the total eligible basis (investment in the property) on line 1b.
4. Complete lines 2-6 based on the specific calculations and guidelines provided by the IRS. This includes determining the applicable fraction, qualified basis, and low-income unit percentages.
5. Calculate and report the low-income housing credit amount on line 7, keeping in mind any restrictions or limitations outlined in the instructions for Schedule 8609.
6. Sign and date the form, ensuring all necessary parties have done so if applicable (e.g., general partners, limited partners).
7. Submit the completed Schedule 8609 along with the corresponding tax return or as directed by the IRS.

Who needs irs form 8609 schedule:

1. Property owners, developers, and investors who have acquired or constructed low-income housing properties are typically required to file IRS Form 8609 schedule.
2. This form is necessary if the taxpayer wishes to claim a low-income housing tax credit for the property.
3. Entities participating in the Low-Income Housing Tax Credit (LIHTC) program or other similar programs may also need to file this form to satisfy reporting requirements and ensure compliance with program regulations.

For pdfFiller’s FAQs

What is irs form 8609 schedule?

IRS Form 8609 Schedule is a form used by the Internal Revenue Service (IRS) to report low-income housing tax credit (LIHTC) information.

Who is required to file irs form 8609 schedule?

Partnerships, corporations, organizations, or individuals that claim low-income housing tax credits are required to file IRS Form 8609 Schedule.

How to fill out irs form 8609 schedule?

To fill out IRS Form 8609 Schedule, you need to provide the necessary information regarding the low-income housing tax credits claimed, including details about the property, credit amounts, and other relevant information. It is recommended to consult the official IRS instructions or seek professional assistance for accurate completion.

What is the purpose of irs form 8609 schedule?

The purpose of IRS Form 8609 Schedule is to report low-income housing tax credits claimed by partnerships, corporations, organizations, or individuals. It helps the IRS track and verify the proper utilization of these tax credits.

What information must be reported on irs form 8609 schedule?

IRS Form 8609 Schedule requires reporting of information related to the low-income housing tax credits, including the project name, identification number, credit amounts claimed, and other relevant details. Specific information requirements can be found in the official IRS instructions for the form.

How can I edit irs form 8609 schedule from Google Drive?

pdfFiller and Google Docs can be used together to make your documents easier to work with and to make fillable forms right in your Google Drive. The integration will let you make, change, and sign documents, like irs form 8609 schedule, without leaving Google Drive. Add pdfFiller's features to Google Drive, and you'll be able to do more with your paperwork on any internet-connected device.

How do I edit irs form 8609 schedule on an iOS device?

You can. Using the pdfFiller iOS app, you can edit, distribute, and sign irs form 8609 schedule. Install it in seconds at the Apple Store. The app is free, but you must register to buy a subscription or start a free trial.

How do I complete irs form 8609 schedule on an iOS device?

In order to fill out documents on your iOS device, install the pdfFiller app. Create an account or log in to an existing one if you have a subscription to the service. Once the registration process is complete, upload your irs form 8609 schedule. You now can take advantage of pdfFiller's advanced functionalities: adding fillable fields and eSigning documents, and accessing them from any device, wherever you are.