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Illinois Housing Development Authorities QUALIFIED CONTRACT PROCESS AND GUIDELINES 1 of 27 Qualified Contracts Properties awarded Low Income Housing Tax Credits (LIH TC) between 1987 and 1989 were
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What is qualified contract process and?
Qualified Contract Process (QCP) is a process used to notify the IRS that a housing credit property is no longer subject to the low-income housing tax credit program.
Who is required to file qualified contract process and?
The owner of a housing credit property is required to file the Qualified Contract Process (QCP).
How to fill out qualified contract process and?
The Qualified Contract Process (QCP) form can be filled out online through the IRS website or submitted by mail.
What is the purpose of qualified contract process and?
The purpose of the Qualified Contract Process (QCP) is to inform the IRS that a housing credit property is no longer subject to the low-income housing tax credit program.
What information must be reported on qualified contract process and?
The Qualified Contract Process (QCP) form must include information about the housing credit property, the reason for the termination of the low-income housing tax credit program, and any relevant financial information.
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