Article
Guidance Issued To Taxpayers Electing Application Of New Law Eliminating Need For Surety Bonds To Dispositions Occurring Before July 30, 2008
The Internal Revenue Service (IRS) recently issued Revenue Procedure 2008-60 applicable to taxpayers maintaining surety bonds (Form 8693 – Low Income Housing Credit Disposition Bond) or Treasury Direct Accounts (TDA) due to dispositions of interests in low-income housing projects prior to July 30, 2008.
Squire, Sanders & Dempsey L.L.P.
