IRS Guidance for Historic Tax Credit Transactions: Partnership Flips and Inverted Leases
By EsqSocial Corporation 03/01/14
The IRS released Revenue Procedure 2014-12 on December 30. It is available below. It addresses the structuring of historic tax credit transactions (i.e., transactions involving rehabilitation tax credits provided for in section 47 of the Internal...
By: Akin Gump Strauss Hauer & Feld LLP