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

Form 8610 (2015)

Page

Part I

Lines 6a and 6b

Enter on the applicable line the dollar amount actually

Line 1

allocated during 2015. 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 2015. 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 2015 on section 42(h)(1)(E) or

• Amounts allocated and returned during the year, unless

42(h)(1)(F) carryover allocation documents.

such amounts are reallocated by the close of the year.

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

Line 2a

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

Enter the total number of Forms 8609 attached to this Form

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

8610 for:

carryover allocations that are included on line 3 of this Form

• Credit allocations made prior to 2015 on section 42(h)(1)(E)

8610.

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

Part III

• Credits attributable to projects financed by tax-exempt

Line 14

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

Include all low-income buildings within the 15-year

Part II

compliance period as of the end of the reporting year that

were subject to compliance monitoring under Regulation

Line 5a

1.42-5. Line 14 also includes buildings financed with

For 2015, an additional housing credit amount is available

tax-exempt bonds and by the Rural Housing Service.

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

to determine the additional housing credit amount available

Line 15

for the listed states.

Of the low-income buildings reported on Line 14, enter the

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

number of buildings that have been physically inspected and

and Wisconsin. The additional amount is the total of the

subjected to the 20% sampling for unit inspections and

state's Midwestern disaster area credits allocated in 2008,

tenant file reviews at least once in the last three years.

2009, or 2010 that were returned and reallocated in the

Consider the physical inspections and tenant file reviews

Midwestern disaster area in 2015.

completed if the owner has been provided notice of the

results.

Louisiana and Texas. The additional amount is the total

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

Caution: If Line 14 does not equal Line 15, attach an

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

explanation to the Form 8610 to explain the difference.

the Hurricane Ike disaster area in 2015.

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 2015-23, 2015-12, I.R.B. 769, 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

Line 5c

collect the right amount of tax.

Do not include on this line allocations made and returned in

You are not required to provide the information requested

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

on a form that is subject to the Paperwork Reduction Act

include line 5a disaster credits returned in 2015 (whether or

unless the form displays a valid OMB control number. Books

not reallocated).

or records relating to a form or its instructions must be

retained as long as their contents may become material in

Line 5d

the administration of any Internal Revenue law. Generally,

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

tax returns and return information are confidential, as

Proc. 2015-49, 2015-41 I.R.B. 555.

required by section 6103.

Line 5f

The time needed to complete and file the following forms

will vary depending on individual circumstances. The

If the 2014 Form 8610 was amended, enter the amount (if

estimated average times are:

any) from the amended Form 8610, line 9.

Sch. A

Line 5g

(Form 8610)

Form 8610

This is the state housing credit ceiling available for

Recordkeeping .

9 hr., 34 min.

3 hr., 35 min.

allocations during 2015.

Learning about the law or

the form .

1 hr., 59 min.

24 min.

Line 5h

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

Preparing and sending the

form to the IRS .

2 hr., 13 min.

28 min.

allocated to projects other than qualified low-income

If you have comments concerning the accuracy of these

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

time estimates or suggestions for making these forms

Enter the sum of the following amounts.

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

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

your comments from Click on

with box 6g checked.

“More Information” and then on “Give us feedback.” Or you

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

can write to the Internal Revenue Service, Tax Forms and

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

Publications, 1111 Constitution Ave. NW, IR-6526,

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

address. Instead, see Where To File, earlier.

Form 8610 - Annual Low-Income Housing Credit Agencies Report - 2015 Page 3

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