Clifton Gunderson: Presents free webcast on low-income housing tax credits

FOR IMMEDIATE RELEASE

Media Contact:

Sada Kempf, Senior PR Associate

(920) 232-2230

Sada.Kempf@cliftoncpa.com

MILWAUKEE, Wis. (September 9, 2011) – In the ever-changing world of taxes, the Low-Income Housing Tax Credit (LIHTC) program is not exempt. The future of this program could see several changes in the coming years; especially as comprehensive tax reform is being given serious consideration. Clifton Gunderson professionals will address the current state of the LIHTC program and discuss practical ways to help you efficiently and profitably navigate the intricate tax and business issues related to affordable housing tax credits.

The webcast, titled “Low-Income Housing Tax Credits: An Accounting and Tax Update,” is intended for developers, property managers, public housing authority directors, syndicators, investors and lenders involved in the affordable housing industry.

Specific learning objectives include:

– Interpret emerging IRS guidance relative to Section 42 compliance

– Describe 15-year exit strategies for LIHTC developments

– Leverage energy-efficient-building credits

– Discuss what to expect from an IRS examination

– Recognize the impact of recent accounting pronouncements on financial statement presentation.

The complimentary webcast will be held Wednesday, October 5, 2011 from 1:00-2:15 p.m. CDT. Registration is required at http://www.cliftoncpa.com/Resources/Events/Details/318 by October 4. For questions about the webcast, please contact Rebecca Shaffer at 630-368-3601 or Rebecca.Shaffer@cliftoncpa.com. 1.0 CPE credit is available. Visit the website for more details.

About our presenters:

Robert Nowak Jr., CPA, MST
Nowak has 18 years of experience assisting real estate related businesses with tax matters. He has deep expertise in complex multi-family affordable housing developments, tax credit syndication, tax-exempt social service and housing organizations, and partnership taxation.

Todd Sprang, CPA
Sprang has more than 18 years of accounting, auditing and consulting experience primarily focused on financial statement audits and internal control engagements for real estate organizations, financial institutions and professional services firms.

About Clifton Gunderson
Clifton Gunderson, ranked as one of the nation’s largest certified public accounting and consulting firms and the largest U.S. member firm of HLB International, provides a wide range of assurance, tax and consulting services to clients in a variety of industries. Founded in 1960, Clifton Gunderson has a staff of more than 1,800 professionals serving clients from 47 offices across the country. Clifton Gunderson, and the separate and independent member firms of HLB International, provides personal and high quality service to clients in over 100 countries through the HLB International “Global Care” approach. For more information about Clifton Gunderson, visit http://www.cliftoncpa.com.