Form 8610, Annual Low-Income Housing Credit Agencies Report, Schedule A (Form 8610), Carryover Allocation of Low-Income Housing Credit

Version A, Cycle 3

Form

8610

Annual Low-Income Housing Credit Agencies Report

OMB No. 1545-0990

2013

▶ Under section 42(l)(3) of the Internal Revenue Code

Department of the Treasury
Internal Revenue Service

▶ Information about Form 8610 and its instructions is at www.irs.gov/form8610

Name of housing credit agency

Employer identification number of agency

Address of housing credit agency

Check box if amended
report
. . . . . .

▶

FOR IRS USE ONLY

Part I
1
2a

Reconciliation of Attached Forms and Schedules
1

Enter the number of attached Forms 8609 used to allocate credit in 2013
Enter the total number of attached Forms 8609 for credits either
(1) allocated prior to 2013 or (2) attributable under section 42(h)
(4) to projects financed by tax-exempt bonds . . . . . .

2a

b Enter the total dollars allowed to projects financed by
tax-exempt bonds with credits attributable under section 42(h)
(4) as described in (2) above ▶ $
3
Enter the number of attached Schedules A (Form 8610)
reporting 2013 carryover allocations . . . . . . . . .
4
Total number of attached forms and schedules. Add lines 1, 2a, and 3

3
4

Part II
5a

b
c
d
e
f
g
h
6a
b
c
d
7
8
9
10

Internal Use Only
DRAFT AS OF
May 2, 2013

• Louisiana and Texas only: Enter Hurricane Ike disaster area credits allocated in 2008, 2009, or 2010
that were both returned and reallocated in the Hurricane Ike disaster area in 2013 . . . . . . .
Enter the larger of $2.25 multiplied by the state’s population or $2,590,000 . . . . . . . . .
Enter the amount of credit ceiling returned in 2013 from allocations prior to 2013 (see instructions) .
Enter the amount (if any) allocated to the state from the 2013 National Pool . . . . . . . . .
Add lines 5b, 5c, and 5d . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter the unused state housing credit ceiling (if any) from the 2012 Form 8610, line 9, as last amended
Total state housing credit ceiling for 2013. Add lines 5a, 5e, and 5f . . . . . . . . . . .
Enter the total amount included in line 5g that was allocated during 2013 to qualified nonprofit
organizations under section 42(h)(5) (see instructions) ▶ $
Enter the total dollar amount of credits from Forms 8609 used to allocate credit in 2013
6a
Enter the total dollar amount of credits from Schedules A (Form 8610), line 5
6b
Total credits allocated during 2013. Add lines 6a and 6b (cannot exceed line 5g)
. . . . . .
Subtract line 5a from line 6c
. . . . . . . . . . . . . . . . . . . . . . . .
Enter the smaller of line 5f or line 6d . . . . . . . . . . . . . . . . . . . . . .
Subtract line 7 from line 6d . . . . . . . . . . . . . . . . . . . . . . . . .
State’s unused housing credit ceiling carryover to 2014. Subtract line 8 from line 5e. If zero or less, enter -0Unused 2012 carryover assigned to 2014 National Pool. Subtract line 7 from line 5f . . . . .

Part III
11

12
13

Reconciliation of Credit Ceilings and Allocations (see instructions)

Additional housing credit dollar amounts:
• Arkansas, Illinois, Indiana, Iowa, Missouri, Nebraska, and Wisconsin only: Enter Midwestern
disaster area credits allocated in 2008, 2009, or 2010 that were both returned and reallocated in the
Midwestern disaster area in 2013.

5a
5b
5c
5d
5e
5f
5g

6c
6d
7
8
9
10

Compliance With Low-Income Housing Requirements (see instructions)

Does the state’s qualified allocation plan in effect for 2013 include compliance monitoring procedures as
required in section 42(m)(1)(B)(iii) and Regulations section 1.42-5(a)(2), including monitoring for habitability
standards through regular site visits? (If “No,” attach an explanation.) . . . . . . . . . . . . .
Has the housing credit agency, for 2013 (or its most recent 12-month operating period), complied with all applicable
requirements under the compliance monitoring procedures in its qualified allocation plan? (If “No,” attach an explanation.)
Has the housing credit agency, for 2013 (or its most recent 12-month operating period), complied with
the requirements of its monitoring procedures to fulfill its notification of noncompliance responsibilities
under Regulations section 1.42-5(e)? (If “No,” attach an explanation.) . . . . . . . . . . . . .

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 63982F

Yes

No

Yes

No

Yes

No

Form 8610 (2013)

Version A, Cycle 3
Form 8610 (2013)

Part III
14
15

Page

2

Compliance With Low-Income Housing Requirements (see instructions) (continued)

Number of projects subject to monitoring . . . . . . . . . .
Number of projects for which compliance monitoring was completed .

.
.

.
.

.
.

.
.

.
.

.
.

.
.

.
.

.
.

.
.

14
15

Under penalties of perjury, I declare that I have examined this report and accompanying forms, schedules, binding agreements, and election statements, and other
attachments, and to the best of my knowledge and belief, they are true, correct, and complete.

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

Future Developments
For the latest information about
developments related to Form 8610
and its instructions, such as legislation
enacted after they were published, go
to www.irs.gov/form8610.

What’s New
The population component of the state
housing credit ceiling for 2013 is the
greater of $2.25 times the state’s
population or $2,590,000.
In addition, certain states are able to
increase their housing credit ceiling.
The guidelines for these increases are
explained in Credit ceiling increases,
under Purpose of Form, below.

Print Name and Title

Credit ceiling increases. In the
following situations, the housing credit
ceiling for certain states will increase.
For 2013, the housing credit ceiling
for Arkansas, Illinois, Indiana, Iowa,
Missouri, Nebraska, and Wisconsin is
increased by the Midwestern disaster
area credits allocated in 2008, 2009, or
2010 that were both returned and
reallocated in the Midwestern disaster
area in 2013. See Line 5a, later.
For 2013, the housing credit ceiling
for Louisiana and Texas is increased
by the Hurricane Ike disaster area
credits allocated in 2008, 2009, or
2010 that were both returned and
reallocated in the Hurricane Ike
disaster area in 2013. See Line 5a,
later.

▲

General Instructions

▲

▲

Signature of Authorizing Official

Date

When To File
File the 2013 Form 8610 with
accompanying Forms 8609 (with only
Part I completed) and Schedules A
(Form 8610) by February 28, 2014.

Where To File
File Form 8610 and attached forms
and schedules with:
Department of the Treasury
Internal Revenue Service Center
Philadelphia, PA 19255-0549

Penalty

Internal Use Only
DRAFT AS OF
May 2, 2013

Purpose of Form

Housing credit agencies use Form
8610 to transmit Forms 8609,
Low-Income Housing Credit Allocation
and Certification, and Schedules A
(Form 8610) to the IRS. Form 8610 is
also used to report the dollar amount
of housing credits allocated during the
calendar year. The housing credit
agency must not allocate more credits
than it is authorized to allocate during
the calendar year.
Generally, the state housing credit
ceiling for 2013 for any state is the
sum of:
1. The larger of $2,590,000 or $2.25
multiplied by the state’s population,
2. The amount of state housing
credit ceiling returned in 2013 from
allocations made prior to 2013,
3. The amount, if any, allocated to
the state from the National Pool, plus
4. The unused state housing credit
ceiling, if any, for 2012.
See Regulations section 1.42-14 for
more information.

Who Must File

Any housing credit agency authorized
to make an allocation of the credit
(even if no credit is actually allocated)
on a Form 8609 or carryover allocation
reported on a Schedule A (Form 8610)
to an owner of a qualified low-income
building during the calendar year must
complete and file Form 8610. In states
with multiple housing credit agencies
(including states with constitutional
home rule cities), the agencies must
coordinate and file one Form 8610.
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, 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.

The $100 penalty under section 6652(j)
applies to any failure to file Form 8610
when due.

Specific Instructions
Note. The primary housing credit
agency may rely on information
provided by any constitutional home
rule city or local housing credit agency
under Temporary Regulations section
1.42-1T(c)(3) or (4).
To ensure that Form 8610 is
correctly processed, attach all forms
and schedules to Form 8610 in the
following order.
1. Forms 8609.
2. Schedules A (Form 8610), not
including those for projects approved
for carryover allocation relief under
Rev. Proc. 2007-54.
3. Schedules A (Form 8610) for
projects approved for carryover
allocation relief under Rev. Proc.
2007-54.

Amended Report
If this is an amended Form 8610,
check the “amended report” box. Use
the same version of the form that was
originally filed (for example, a 2013
Form 8610 to amend the 2013 report,
a 2012 Form 8610 to amend the 2012
report, etc.).

Version A, Cycle 3
Form 8610 (2013)

Page

Complete only those lines that are
being amended by entering the correct
information. Attach any additional
documentation necessary to explain
why an amended Form 8610 is being
filed.

Line 5d

Part I
Line 1
Enter the total number of Forms 8609
attached to this Form 8610 that were
used to allocate credit during 2013. Do
not include Forms 8609 issued to
taxpayers that reflect credit allocations
made prior to 2013 on section 42(h)(1)
(E) or 42(h)(1)(F) carryover allocation
documents.

Line 2a
Enter the total number of Forms 8609
attached to this Form 8610 for:
• Credit allocations made prior to 2013
on section 42(h)(1)(E) or 42(h)(1)(F)
carryover allocation documents and
• Credits attributable to projects
financed by tax-exempt bonds subject
to volume cap under section 42(h)(4).

Part II
Line 5a

Enter the “Amount Allocated,” if any,
for your state in Rev. Proc. 2013-XX,
2013-XX I.R.B. XXX.

review the low-income certifications,
the documentation supporting the
certifications, and the rent records for
the tenants in those units.

Line 5g

Paperwork Reduction Act Notice

This is the state housing credit ceiling
available for allocations during 2013.

We ask for the information on this form
to carry out the Internal Revenue laws
of the United States. You are required
to give us the information. We need it
to ensure that you are complying with
these laws and to allow us to figure
and collect the right amount of tax.
You are not required to provide the
information requested on a form that is
subject to the Paperwork Reduction
Act unless the form displays a valid
OMB control number. Books or
records relating to a form or its
instructions must be retained as long
as their contents may become material
in the administration of any Internal
Revenue law. Generally, tax returns
and return information are confidential,
as required by section 6103.
The time needed to complete and
file the following forms will vary
depending on individual
circumstances. The estimated
average times are:

Line 5h
Not more than 90% of the line 5g
amount is allowed to be allocated to
projects other than qualified lowincome housing projects described in
section 42(h)(5)(B).
Enter the sum of the following
amounts.
• Any amount reported on line 1b of an
attached Form 8609 with box 6g
checked.
• Any amount reported on line 5 of an
attached Schedule A (Form 8610) with
question 3b answered “Yes.”

Internal Use Only
DRAFT AS OF
May 2, 2013

For 2013, an additional housing credit
amount is available ONLY to the states
listed on this line. Follow the
instructions to determine the
additional housing credit amount
available for the listed states.
Arkansas, Illinois, Indiana, Iowa,
Missouri, Nebraska, and Wisconsin.
The additional amount is the total of
the state's Midwestern disaster area
credits allocated in 2008, 2009, or
2010 that were returned and
reallocated in the Midwestern disaster
area in 2013.
Louisiana and Texas. The
additional amount is the total of the
state's Hurricane Ike disaster area
credits allocated in 2008, 2009, or
2010 that were returned and
reallocated in the Hurricane Ike
disaster area in 2013.

Line 5b
A state’s population is determined
according to section 146(j). See Notice
2013-XX, 2013-XX I.R.B. XXX, for
applicable population figures.

Line 5c
Do not include on this line allocations
made and returned in the same year.
For states identified in line 5a, do NOT
include line 5a disaster credits
returned in 2013 (whether or not
reallocated).

3

Lines 6a and 6b

Enter on the applicable line the dollar
amount actually allocated during 2013.
Do not include the following.
• Credits allowed to tax-exempt bond
financed projects under section 42(h)
(4). These credits do not count against
the total state housing ceiling
authorized on line 5g.
• Amounts allocated and returned
during the year, unless such amounts
are reallocated by the close of the
year.
On line 6a, enter the total amounts
reported on all Forms 8609, Part I, line
1b, that are included on line 1 of this
Form 8610. On line 6b, enter the total
amounts reported as carryover
allocations that are included on line 3
of this Form 8610.

Part III
Lines 14 and 15
Do not include buildings no longer
subject to compliance monitoring
because, for example, the buildings
are no longer participating in the
low-income housing credit program.
Include buildings financed by the Rural
Housing Service and buildings
financed with tax-exempt bonds.
Caution: Regulations section
1.42-5(c)(2)(ii)(B) requires that at least
once every 3 years the Agency (or the
Rural Housing Service, if applicable)
conduct on-site inspections of all
buildings in each project and, for at
least 20 percent of each project’s
low-income units, inspect the units and

Recordkeeping
Learning about
the law or
the form . . .
Preparing and
sending the
form to the IRS .

Form 8610

Sch. A
(Form 8610)

9 hr., 34 min.

3 hr., 35 min.

1 hr., 59 min.

24 min.

2 hr., 13 min.

28 min.

If you have comments concerning
the accuracy of these time estimates
or suggestions for making these forms
simpler, we would be happy to hear
from you. You can write to the Internal
Revenue Service, Tax Products
Coordinating Committee,
SE:W:CAR:MP:T:M:S, 1111
Constitution Ave. NW, IR-6526,
Washington, DC 20224. Do not send
these forms to this address. Instead,
see Where To File, earlier.