Low Income Housing Tax Credit Market Studies and Appraisal
Low Income Housing Tax Credit (LIHTC or Housing Tax Credit) program has been made a permanent element of chapter 42 of the Federal Income Tax Code. Owners of Low Income Housing Tax Credit Properties receive tax credits for a portion of the construction/renovation cost. Tax credits can be used to directly reduced federal income taxes. (Tax deductions reduce taxable income and thereby indirectly reduce income taxes.)
Tax bills to go out; complaints likely to follow
As Athens residents file their last-minute income tax returns today, there's also another kind of tax to start thinking about - property tax.
With Just Eight Days Left in Tax Season 2009, Jackson Hewitt Reminds Taxpayers of Three-Year Filing Deadline
With just eight days left to file income tax returns for 2008, Jackson Hewitt Tax Service(R) is reminding tax filers of another important tax deadline on April 15: the deadline to file or amend returns for tax year 2005. The Internal Revenue Service recently reported that it has $1.3 billion in unclaimed refunds for people who did not file a 2005 return.* In addition to standard refunds, some individuals who did not file may have been eligible for the Earned Income Tax Credit, which could put even more money in their pockets.