IRS Releases Guidance to Allow Partnerships to Amend 2018 and 2019 Tax Returns and Benefit from Bonus Depreciation Changes in CARES Act

At CARH’s January Midyear Meeting, the Developers/Owners Joint Committee made a recommendation to CARH’s Board of Directors to make members aware of an issue that will impact how LIHTC partnership/tax returns can be amended for tax years that began in 2018. Communicate concerns to other industry groups in an effort to garner changes to the…