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Affordable Housing

Investing in, developing, and operating commercial or residential real estate offers attractive opportunities to build long-term wealth. The inevitable twists and turns, however, require a steady hand at the wheel. Armanino helps real estate owners, operators, developers, and investors maximize the opportunities and minimize the real estate tax risks inherent in this dynamic sector.
 

What We Do

Affordable Housing Audits

Affordable Housing Audits

In addition to standard audits and reviews, our audit specialists provide a full range of services to the affordable housing and nonprofit housing industry including cost certification and tenant file testing audits required for housing and urban development (HUD), housing and community development (HCD), housing finance agency (CHFA) and other state/local agencies. We also provide OMB A-133 compliance audits and eligible basis audits for tax credit partnerships. 

AUDIT SERVICES »

Affordable Housing and Nonprofit Tax Services

Affordable Housing and Nonprofit Tax Services

Our tax experts provide filing guidance and help clients address key issues and identify strategic tax-planning opportunities for special districts. We help you meet low-income housing tax credit requirements and work through the Tax Credit Allocation Committee (TCAC) submission process, as well as prepare exempt organization, corporation and partnership tax returns. 

TAX SERVICES »

Affordable Housing Consulting

Affordable Housing Consulting

Our deep experience serving real estate clients means that we can advise you on a variety of business and operational issues.

CONSULTING SERVICES »

Our Team

Resources

Recent Legislation Encourages Low-Income Developments

Congress’s new spending bill expands the Low-Income Housing Tax Credit, and a provision in the Tax Cuts and Jobs Act offers big breaks for investors looking to defer or abate capital gains taxes.

Blockchain: A Potential Tool for Real Estate Transactions

Real estate companies must follow five steps to determine when to properly recognize revenue on their financial statements.
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Make sure you don’t miss any important 2018 tax deadlines. Be aware that some deadlines have been moved up or pushed back compared to previous years.

The Impact of Revenue Recognition on Real Estate

Real estate companies must follow five steps to determine when to properly recognize revenue on their financial statements.
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This summary of when various tax-related forms, payments and other actions are due will help you make sure you don’t miss any important 2017 tax deadlines.
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Your guide to avoiding risk and simplifying the CRM evaluation and implementation process.

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The ROI of CRM: A Tactical Guide to Project Justification & Building Value.

A step-by-step guide to illustrating the value of your next CRM project.

Joining Forces: How to Harness the Power of a Strategic Alliance

Mergers and acquisitions are traditionally thought of as transactions in the for-profit world, but in the nonprofit industry, they’ve become an increasingly popular venture.

Why Internal Controls Matter for Your Nonprofit

A key to preserving assets is the proper design and implementation of internal controls. This is true from large, well-established nonprofit organizations to the smallest start-up charity.

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In the minds of many nonprofit leaders, data breaches are the plague of Fortune 500 companies—or at least the Fortune 500s of the nonprofit world. Yet size ...

What Your Board Needs to Know About Nonprofit Accounting

Even board members with business experience struggle to understand nonprofit accounting. So, we’ve outlined the top eight things every nonprofit board member should know.

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Fraud has always been a concern for nonprofit organizations, and it’s not going away. A recent Association of Certified Fraud Examiners report shows the med ...

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The new rev rec standards kick in for annual reporting periods beginning after December 15, 2018, but nonprofits may begin early adoption in fiscal years beginnin ...

SCOTUS same-sex marriage decision has tax implications for couples and their employer ...

On June 26, the Supreme Court issued a landmark 5-4 decision on same-sex marriage, which will affect tax and estate planning for many couples and also impact their employers.

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On July 9, 2015, the FASB officially deferred implementation of the landmark global revenue recognition accounting standard by one year; IASB followed suit on Jul ...

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On June 25, the Supreme Court upheld the ACA’s premium tax credits for qualifying taxpayers, whether they purchase coverage through a federal or a state exc ...

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The new Uniform Grant Guidance (UGG) released by the Office of Management and Budget requires nonprofits to rethink their approach to internal controls and subrec ...

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Although the nonprofit sector is taking steps to end the “overhead myth,” many organizations are still measured by their financial ratios and spending ...

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The recently released ACA transition relief period for small employers (those with fewer than 50 full-time equivalent employees) includes 2014 and the first six m ...

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Cyber attacks happen across all industries, to companies of all sizes. CFOs need to build and maintain an effective cybersecurity strategy to mitigate digital ris ...

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Employers with medical reimbursement plans need to review them to ensure they don’t accumulate heavy tax penalties from noncompliance with Affordable Care A ...

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California’s new filing requirement for like-kind property exchanges made under IRC Section 1031 covers like-kind exchanges that occur in tax years beginnin ...

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AICPA has issued SSARS No. 21, which will help differentiate between when an accountant performs a compilation, engagement or prepares financial statements.

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Long-awaited FASB, IASB guidance significantly changes GAAP revenue recognition in financial statements.

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The Office of Management and Budget (OMB) finalized and released comprehensive new federal grant reform guidelines on December 26, 2013.

IRS Releases Latest Rules On ACA Reporting

The IRS has released a combined reporting form and simplified reporting methods to comply with recent ACA requirements.