On October 7, 2022, the IRS released the long-awaited final regulation (IRS Treasury Regulation 1-42.19)regarding the Average Income Test (AIT). This final regulation includes much-needed clarifications about the AIT and what properties using this election need to know.
Join Amanda Lee Gross for this two-hour webinar where Amanda will unpack the Average Income Test (AIT) regulation and explain the impact of the new rule in a concise and easy-to-understand manner.
This webinar will include:
- Learn about the Average Income Test, the third minimum set-aside election for the Low Income Housing Tax Credit program
- The Next Available Unit Rule for the Average Income Test
- Determining qualified groups of units for use in applicable fraction determinations
- AIT recordkeeping and reporting requirements.
Attendees of this important webinar will gain a clear understanding of the AIT regulation and what is needed to ensure compliance.
