Live Webinar - OCCH - Income Averaging - August 20
Live 90 Minute Webinar - Hosted by Vivian Probst
August 20, 2020
Webinar starts at 10:00 AM Central Time
Sponsored by OCCH
Sign up for this webcast and expect some surprising ideas from a 33-year veteran—ideas that just might make all the difference!
Critically Important Topics for Compliance Success in 2020
August 20, 2020: The Critically Important Process of Income-Averaging
While income-averaging (The Average Income Test) has been in place for a few years, developments that can elect to use income-averaging are just now starting to come on-line. The purpose of this webcast is to bring everyone up-to-date on how income averaging is working.
The ‘beauty’ of income averaging is that new tax credit developments can use it to raise income and rent limits up to 80% of AMGI. The ‘beast’ of it is how the rule works in real life. While the federal rule appears to be clear, it leaves questions unanswered. Each state adds its own interpretations which can cause further confusion.
What does the federal law say?
What can a state do to alter how the rule is applied?
How do we track each set-aside?
What happens if a tax credit household’s income increases?
What happens if a tax credit household vacates a unit?
Let TheoPRO show you the basics and assist in adding state-specific details with a series of steps to guide you through the many twists and turns. Bring your compliance glasses for this one and make sure they’re the right strength. You’re going to want crystal clear vision on this one!