IRS Form 8610 Annual Low-Income Housing Credit Agencies Report

What Is IRS Form 8610?

IRS Form 8610, Annual Low-Income Housing Credit Agencies Report , is a formal statement a housing credit agency is supposed to complete to inform the fiscal authorities about the total amount of housing credits their entity has allocated during the twelve months outlined in the form. You also need to fill out this form to let the tax organs know how many copies of the IRS Form 8609, Low-Income Housing Credit Allocation and Certification, and schedules that elaborate on the allocations you are enclosing in your package.

This report was released by the Internal Revenue Service (IRS) in 2023 , rendering previous of the instrument are now outdated. An IRS Form 8610 fillable version is available for download below.

You need to identify your agency by its name, correspondence address, and employer identification number, check the appropriate box if you are completing a modified version of Form 8610, describe the attachments to the report, reconcile allocations and credit ceilings, confirm you followed the regulations established for your agency in terms of allocating housing credits, and certify the details you put in writing are true and accurate. Note that you may only file the papers if you were authorized to allocate the credits to owners of low-income buildings as long as they fit the qualification criteria. You are obliged to file the paperwork by the end of February otherwise the IRS will impose a penalty on the taxpayer that failed to comply with this requirement.