IRS Has a Heart – Waives Housing Limit For Iowa and Indiana Storm Victims

GrinchWho says the IRS has no heart?

The Internal Revenue Service has waived some limitations of the low-income housing tax credit in Indiana and Iowa so that owners of facilities in these states can provide housing to victims of recent storms and flooding.

The action is expected to expand the availability of housing for disaster victims and their families. The IRS said it would continue to monitor closely the housing situation in other states affected by the recent flooding, hinting that it may follow the same course in those states. The IRS recently extended tax-filing and payment deadlines for victims of the recent flooding. via WebCPA

The IRS has also changed the requirements so that private foundations can get tax benefits for helping Chinese earthquake victims.

Related posts:
  1. Victims of Burglary Post Surveillance Video on YouTube, Result a Conviction
  2. MacroShares’ Major Metro Housing Home Trading Concept Flawed
  3. High End Housing The Weak Spot in Housing Market
  4. Half Of Housing Grant Money Goes Towards Foreclosure Purchases
  5. How High Tax States Drive Out The Rich

« « 1 Million Visitors – Thanks To Every One Of You!| Las Vegas Sales Up, Prices Down As Bottom Nears » »

Post a Response

« Back to text comment
  • Popular

    Most Comments

    Search

    Tags

    Archives

  • Recent Comments

    • Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
      Pete | 21Mar10 | More
    • My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
      Brandon | 20Mar10 | More
    • I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
      Bill Hernandez | 19Mar10 | More
    • Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
      Marc Brodeur | 19Mar10 | More
    • Great to hear that the big boys are predicting recovery sooner than most think. Thanks for the value!
      Mark Arenella | 19Mar10 | More
    • I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
      Austin Mortgage | 19Mar10 | More
    • an add on to my previous comment--I suppose nationally it's hard to tell, but each city and market is in ...
      Austin Mortgage | 19Mar10 | More
    • Hmm.....interesting. Of course, I would love to see the real estate market bounce back as quickly as possible, but just ...
      Austin Mortgage | 19Mar10 | More
    • I live in the Philippines and I am glad we are not on the lists...
      homes for sale in chandler az | 19Mar10 | More
    • I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
      Jack | 18Mar10 | More
  • Statistics

  • Friends

  • Subscribe





    Get Updates Delivered Daily By E-Mail:

    Delivered by FeedBurner