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

Form 8610 (2013)

Page

Part I

Lines 6a and 6b

Enter on the applicable line the dollar amount actually

Line 1

allocated during 2013. Do not include the following.

Enter the total number of Forms 8609 attached to this Form

• Credits allowed to tax-exempt bond financed projects

8610 that were used to allocate credit during 2013. Do not

under section 42(h)(4). These credits do not count against

include Forms 8609 issued to taxpayers that reflect credit

the total state housing ceiling authorized on line 5g.

allocations made prior to 2013 on section 42(h)(1)(E) or 42(h)

(1)(F) carryover allocation documents.

• Amounts allocated and returned during the year, unless

such amounts are reallocated by the close of the year.

Line 2a

On line 6a, enter the total amounts reported on all Forms

Enter the total number of Forms 8609 attached to this Form

8609, Part I, line 1b, that are included on line 1 of this Form

8610 for:

8610. On line 6b, enter the total amounts reported as

• Credit allocations made prior to 2013 on section 42(h)(1)(E)

carryover allocations that are included on line 3 of this Form

or 42(h)(1)(F) carryover allocation documents and

8610.

• Credits attributable to projects financed by tax-exempt

Part III

bonds subject to volume cap under section 42(h)(4).

Lines 14 and 15

Part II

Do not include buildings no longer subject to compliance

Line 5a

monitoring because, for example, the buildings are no longer

participating in the low-income housing credit program.

For 2013, an additional housing credit amount is available

Include buildings financed by the Rural Housing Service and

ONLY to the states listed on this line. Follow the instructions

buildings financed with tax-exempt bonds.

to determine the additional housing credit amount available

for the listed states.

Caution: Regulations section 1.42-5(c)(2)(ii)(B) requires that

at least once every 3 years the Agency (or the Rural Housing

Arkansas, Illinois, Indiana, Iowa, Missouri, Nebraska,

Service, if applicable) conduct on-site inspections of all

and Wisconsin. The additional amount is the total of the

buildings in each project and, for at least 20 percent of each

state's Midwestern disaster area credits allocated in 2008,

project’s low-income units, inspect the units and review the

2009, or 2010 that were returned and reallocated in the

low-income certifications, the documentation supporting the

Midwestern disaster area in 2013.

certifications, and the rent records for the tenants in those

Louisiana and Texas. The additional amount is the total

units. If the number entered on line 15 does not equal the

of the state's Hurricane Ike disaster area credits allocated in

number entered on line 14, attach an explanation.

2008, 2009, or 2010 that were returned and reallocated in

the Hurricane Ike disaster area in 2013.

Paperwork Reduction Act Notice

Line 5b

We ask for the information on this form to carry out the

A state’s population is determined according to section

Internal Revenue laws of the United States. You are required

146(j). See Notice 2013-15, 2013-14 I.R.B. 739, for

to give us the information. We need it to ensure that you are

applicable population figures.

complying with these laws and to allow us to figure and

collect the right amount of tax.

Line 5c

You are not required to provide the information requested

Do not include on this line allocations made and returned in

on a form that is subject to the Paperwork Reduction Act

the same year. For states identified in line 5a, do NOT

unless the form displays a valid OMB control number. Books

include line 5a disaster credits returned in 2013 (whether or

or records relating to a form or its instructions must be

not reallocated).

retained as long as their contents may become material in

Line 5d

the administration of any Internal Revenue law. Generally,

tax returns and return information are confidential, as

Enter the “Amount Allocated,” if any, for your state in Rev.

required by section 6103.

Proc. 2013-31, 2013-38 I.R.B. 208.

The time needed to complete and file the following forms

Line 5f

will vary depending on individual circumstances. The

If the 2012 Form 8610 was amended, enter the amount (if

estimated average times are:

any) from the amended Form 8610, line 9.

Sch. A

(Form 8610)

Form 8610

Line 5g

Recordkeeping .

9 hr., 34 min.

3 hr., 35 min.

This is the state housing credit ceiling available for

Learning about the law or

allocations during 2013.

the form .

1 hr., 59 min.

24 min.

Line 5h

Preparing and sending the

form to the IRS .

2 hr., 13 min.

28 min.

Not more than 90% of the line 5g amount is allowed to be

If you have comments concerning the accuracy of these

allocated to projects other than qualified low-income

time estimates or suggestions for making these forms

housing projects described in section 42(h)(5)(B).

simpler, we would be happy to hear from you. You can write

Enter the sum of the following amounts.

to the Internal Revenue Service, Tax Forms and Publications,

SE:W:CAR:MP:TFP, 1111 Constitution Ave. NW, IR-6526,

• Any amount reported on line 1b of an attached Form 8609

Washington, DC 20224. Do not send these forms to this

with box 6g checked.

address. Instead, see Where To File, earlier.

• Any amount reported on line 5 of an attached Schedule A

(Form 8610) with question 3b answered “Yes.”

Form 8610 - Annual Low-Income Housing Credit Agencies Report - 2013 Page 3

Related Articles

Related forms

Related Categories