New Market Tax Credit Program Compliance

The New Market Tax Credit (NMTC) Allocation Application process is arduous and requires significant documentation. Once an allocation has been awarded, the documentation during the seven-year life of the program needs to be equally thorough. As a federal tax program, the NMTC Program is tightly regulated, with a long list of regulatory and programmatic rules and requirements that a Community Development Entity (CDE) must follow, set by both the Treasury Department's Community Development Financial Institution (CDFI) Fund and the Internal Revenue Service (IRS).

Provided by: Reznick Group Topic: Enterprise Software Date Added: Jul 2011 Format: PDF

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