| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
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| #16344 | Closed | public | Multifamily | Les Sparks |
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Hi Les, Has HUD released an official position on pass through entity taxes? I assume it would be considered an use of surplus cash and presented as a non-entity expense on the statement of operations but couldn’t find anything from HUD to support this. Thanks, |
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Jeremy, any tax, not related to the actual project will always be considered an entity expense. However, the real issue isn’t the pass-through, but the nature of the tax. There are states that have such taxes that are considered project-related. Those are generally defined as a tax of the project itself and not the project’s owners. That is the only burden of proof.
Les Sparks
From: AHACPA Support <support@ahacpa.org> |