Fillable Form 8610 - Annual Low-Income Housing Credit Agencies Report

Form 8610 (2017)

Page

General Instructions

If a housing credit agency has granted any project relief to

toll the beginning of the first year of the credit period as

Section references are to the Internal Revenue Code unless

discussed in section 10 of Rev. Proc. 2014-49, the agency

otherwise noted.

must attach to the Form 8610 filed for the calendar year in

which the President declared the area a major disaster area

Future Developments

a statement containing the following information: (1) the

name, address, and TIN of the building owner; (2) the

For the latest information about developments related to

address of the building; (3) the building identification number

Form 8610 and its instructions, such as legislation enacted

(BIN); and (4) the agency-approved first year of the credit

after they were published, go to

period. The statement should be labeled “Relief Under

What’s New

Section 10 of Rev. Proc. 2014-49.” The statement should be

signed by an agency authorized official and a copy of the

The population component of the state housing credit ceiling

statement should be provided to the building owner.

for 2017 is the greater of $2.35 times the state’s population

or $2,710,000.

When To File

Purpose of Form

File the 2017 Form 8610 with accompanying Forms 8609

(with only Part I completed) and Schedules A (Form 8610) by

Housing credit agencies use Form 8610 to transmit Forms

February 28, 2018.

8609, Low-Income Housing Credit Allocation and

Certification, and Schedules A (Form 8610) to the IRS. Form

Where To File

8610 is also used to report the dollar amount of housing

File Form 8610 and attached forms and schedules with:

credits allocated during the calendar year. The housing

credit agency must not allocate more credits than it is

Department of the Treasury

authorized to allocate during the calendar year.

Internal Revenue Service Center

Philadelphia, PA 19255-0549

Generally, the state housing credit ceiling for 2017 for any

state is the sum of:

Penalty

1. The larger of $2,710,000 or $2.35 multiplied by the

The $100 penalty under section 6652(j) applies to any failure

state’s population;

to file Form 8610 when due.

2. The amount of state housing credit ceiling returned in

2017 from allocations made prior to 2017;

Specific Instructions

3. The amount, if any, allocated to the state from the

Note: The primary housing credit agency may rely on

National Pool; plus

information provided by any constitutional home rule city or

4. The unused state housing credit ceiling, if any, for 2016.

local housing credit agency under Temporary Regulations

section 1.42-1T(c)(3) or (4).

See Regulations section 1.42-14 for more information.

To ensure that Form 8610 is correctly processed, attach

Who Must File

all forms and schedules to Form 8610 in the following order.

Any housing credit agency authorized to make an allocation

1. Forms 8609.

of the credit (even if no credit is actually allocated) on a Form

2. Schedules A (Form 8610), not including those for

8609 or carryover allocation reported on a Schedule A (Form

projects approved for carryover allocation relief under Rev.

8610) to an owner of a qualified low-income building during

Proc. 2014-49.

the calendar year must complete and file Form 8610. In

states with multiple housing credit agencies (including states

3. Schedules A (Form 8610) for projects approved for

with constitutional home rule cities), the agencies must

carryover allocation relief under Rev. Proc. 2014-49.

coordinate and file one Form 8610.

Amended Report

If a housing credit agency has granted any project relief for

If this is an amended Form 8610, check the “amended

carryover allocations discussed in section 6 of Rev. Proc.

report” box. Use the same version of the form that was

2014-49, 2014-37 I.R.B. 535, the agency must attach to

originally filed (for example, a 2017 Form 8610 to amend the

Form 8610 a copy of the Schedule A (Form 8610) for the

2017 report, a 2016 Form 8610 to amend the 2016 report,

projects for which it has approved relief. These attached

etc.).

copies of Schedule A (Form 8610) must have the box

checked that indicates the housing credit agency granted

Complete only those lines that are being amended by

carryover allocation relief under Rev. Proc. 2014-49. The

entering the correct information. Attach any additional

housing credit agency should only include Schedules A

documentation necessary to explain why an amended Form

(Form 8610) for projects receiving approval of the carryover

8610 is being filed.

allocation relief since the agency last filed Form 8610. The

information from these particular Schedules A (Form 8610)

isn't included on any line in Part I or Part II of Form 8610.

Form 8610 - Annual Low-Income Housing Credit Agencies Report - 2017 Page 2

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