Free 2007 Form 8610 (Schedule A) - Federal


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Date: October 16, 2008
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State: Federal
Category: Tax Forms
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URL

http://www.irs.gov/pub/irs-pdf/f8610sa.pdf

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Preview 2007 Form 8610 (Schedule A)
SCHEDULE A (Form 8610)
(Rev. December 2007)
Department of the Treasury Internal Revenue Service

Carryover Allocation of Low-Income Housing Credit
Attach to Form 8610.

OMB No. 1545-0990

Name of housing credit agency

Employer identification number of agency

Address of housing credit agency

Check box if housing credit agency granted carryover allocation relief under Rev. Proc. 2007-54
2 Taxpayer identification number of building owner (include dash or dashes)

Check box if amended carryover allocation
FOR IRS USE ONLY

1a

Name of building owner receiving carryover allocation

1b

Address of building owner receiving carryover allocation

3 4 5 6

Check if the carryover allocation is:

building based or

project based

/ / Date of carryover allocation Amount of carryover allocation If a binding agreement (see instructions) was entered into, enter the maximum applicable credit percentage for: a Acquisition cost b Rehabilitation expenses c New construction expenses

5

7

Enter the number of BINs covered by this carryover allocation (also complete line 8 on page 2)

6a 6b 6c 7

% % %

General Instructions
Section references are to the Internal Revenue Code unless otherwise noted.

What's New
If a housing credit agency has granted any project relief for carryover allocations discussed in section 5 of Rev. Proc. 2007-54, the agency must attach to Form 8610 a copy of Schedule A (Form 8610) for the projects for which it has approved relief, and check the corresponding checkbox on Schedule A (Form 8610). For more information, see Major Disaster Declarations Issued After July 1, 2007, later. The IRS will revise this December 2007 revision only when necessary. Continue to use this revision until a new revision is issued.

the agency must attach to Form 8610 a copy of the Schedule A (Form 8610) for the projects for which it has approved relief. These attached copies of Schedule A (Form 8610) must have the box checked that indicates the housing credit agency granted carryover allocation relief under Rev. Proc. 2007-54. The housing credit agency should only include Schedules A (Form 8610) for projects receiving approval of the carryover allocation relief since the agency last filed Form 8610. The information from these particular Schedules A (Form 8610) are not included on any line in Part I or Part II of Form 8610.

Lines 6a, b, and c
Complete these lines only if both of the following apply. There is a binding agreement between the housing credit agency and the building owner for a specific housing credit dollar amount. An election is made to use an applicable percentage for a month other than the month in which the property is placed in service. See Regulations sections 1.42-6 and 1.42-8 for requirements that must be met.

Specific Instructions
Line 4
Enter the date of allocation. This is the date the authorized official of the state housing agency signs and dates the carryover allocation document.

BINs for Buildings Included in the Carryover Allocation
Enter the building identification number (BIN) for each building covered by this carryover allocation. If the carryover allocation was made under section 42(h)(1)(E) for a single building, enter only one BIN. If a carryover allocation was made under section 42(h)(1)(F) on a project basis that includes more than one building, enter the BIN for each building covered by the carryover allocation. If the carryover allocation covers more buildings than spaces provided, attach a statement reporting the additional BINs.
Schedule A (Form 8610) (Rev. 12-2007)

Purpose of Form
State housing credit agencies use Schedule A (Form 8610) to report carryover allocations.

Line 5
Enter the amount of carryover allocation. If you checked the "building based" box on line 3, enter the amount of credit allocated to the building under section 42(h)(1)(E). If you checked the "project based" box on line 3, enter the amount of credit allocated to all the buildings in the project under section 42(h)(1)(F).
Cat. No. 30065T

Major Disaster Declarations Issued After July 1, 2007
If a housing credit agency has granted any project relief for carryover allocations discussed in section 5 of Rev. Proc. 2007-54, 2007-31 I.R.B. 293,

For Paperwork Reduction Act Notice, see the instructions for Form 8610.

Schedule A (Form 8610) (Rev. 12-2007)

Page

2

8

Enter BINs of buildings included in this carryover allocation

Schedule A (Form 8610) (Rev. 12-2007)