Form 8823 IN 2023-2025

Form 8823 IN: What You Should Know

Housing Credit Entities — State Agencies Oct 6, 2025 — The IRS defines a “housing credit entity” as any corporation  Sep 2025 — As it relates to property which is qualified as low income housing (LIH), and a non-profit organization is a single person or limited liability company  May 1, 2025 — In 2010, the IRS issued an administrative guidance, clarifying the definition of a “low-income housing property” for the purposes of section 41. Under this guidance, the term “low-income housing property has been interpreted as a property which is a primary residence and which complies with all tax requirements. The term has been defined in terms of the tax liability associated with that property. In addition, a low-income housing property is defined as an owner-occupied dwelling unit located in which the primary residence is located. Ownership of an interest in a property other than the primary residence also is considered to be a low-income housing property. This definition is not intended to limit in any way the IRS's jurisdiction concerning any property that is not a low- income housing property. The Housing Credit Entities — Public Interest Programs (PEP) July 22, 2025 — The IRS issued guidance clarifying the PEP and the definition of a public interest mortgage program. The guidance is intended to clarify the scope of the requirements under the PEP for the conduct of a qualified low-income housing program, so that qualified low-income housing programs and qualified programs administered by qualified PEP programs may be treated as qualifying programs for tax purposes. This guidance does not eliminate the application of the PEP requirements for qualified PEP programs or for qualified low-income programs.” A Quick Overview of what a Private Housing Development company is — Form 8833 — Home Mortgage Disclosure Act Sep 10, 2025 — The Housing and Urban Development (HUD) Department is currently taking public comments on a notice regarding the private housing development industry that they will be sending a proposed rule to the Federal Register to finalize these regulations this year. The proposed regulations will govern any loans made on or after December 31, 2022. One of the potential areas that these regulations will impact is the low income housing tax credit. If you have any questions, you can email the Housing, Urban Development and Related Agencies (HUD) Contact Center at housing.urban.ftc.gov/contact/contact-us.

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