April 5, 2011

Michael J. Novogradac, CPA, updates listeners on the ongoing federal budget negotiations. Then he discusses bonus depreciation guidance from the IRS; an update on tax patent legislation; the U.S. Court of Appeals reversal of the Tax Court ruling in Virginia Historic Tax Credit Fund case; the IRS's notice to appeal the Historic Boardwalk Hall case; insights from the National Park Service's annual report about the historic tax credit in 2010; an upcoming hearing of the Ways and Means Human Resources Subcommittee of interest to the new markets tax credit community; an invitation for NMTC applications published by the City of Indianapolis; an announcement of the released of an updated 8823 Guide; recent developments in the national debate over housing finance reform; and finally, a study about tax credits for developing wind and solar projects.