Following Historic Boardwalk Hall LLC v. Commissioner, 694 F.3d 425 (3d Cir. 2012), which rejected a partnership's allocation of rehabilitation tax credits to a purported partner, the Internal Revenue Service (IRS) recently...more
1/8/2014
/ Exempt Organizations ,
Historical Landmarks ,
Investors ,
IRS ,
Partnerships ,
Real Estate Holding Companies ,
Real Estate Market ,
Renovations ,
Safe Harbors ,
Tax Credits ,
Wind Power
On September 20, 2013, the IRS released Notice 2013-60, which clarified Notice 2013-29. Each Notice addresses the requirement that construction of a qualified facility must begin before January 1, 2014, in order to be...more