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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
National Equity Fund, Inc. was founded by the Local Initiatives Support Corporation to be one of the first LIHTC syndicators, following the creation of LIHTC in the Tax Reform Act of 1986. LIHTC provides investors in affordable housing a dollar-for-dollar reduction in federal taxes in exchange for equity in new or refurbished affordable housing ...
The Registered Tax Return Preparer Test was a test produced by the U.S. Internal Revenue Service (IRS). Until the program was suspended in January 2013, the IRS had implemented rules requiring that certain individuals who wanted to work as tax return preparers pass this test to demonstrate their ability to understand U.S. tax law, tax form preparation and ethical requirements.
Transcender was established in 1992, shortly after Microsoft Corporation introduced its certification program. [1] In December 2003, Transcender joined Kaplan IT Learning and became a division of Kaplan, Inc. Kaplan is a wholly owned subsidiary of Graham Holdings Company (NYSE: GHC), formerly known as The Washington Post Company, and is a provider of online higher education, K-12 services, and ...
Prior the program's suspension, the Registered Tax Return Preparer Test was used as a minimum competency exam intended for return preparers to demonstrate basic proficiency in U.S. tax law, tax return preparation and ethics. It was a 120-question exam timed at 2.5 hours. Preparers who were required to pass the test had until December 31, 2013. [7]
In addition, students are required to select two further exams, from a range of jurisdiction-based and thematic international tax subject areas. [4] The ADIT qualification structure was changed to its present form in 2015. [5] ADIT exam sessions are organised twice per year, with exams taking place in June and December.
Hexachlorocyclopentadiene is prepared by chlorination of cyclopentadiene to give 1,1,2,3,4,5-octachlorocyclopentane, which in a second step undergoes dehydrochlorination: [3] The first procedure uses alkaline hypochlorite and after fractional distillation has a yield of about 75%, the other 25% consists of lower chlorinated cyclopentadienes. [4]