Tax Credit Advanced: Electing the AIT Minimum Set-Aside Option and Staying in Compliance

As part of the Consolidated Appropriations Act of 2018, Congress revised Internal Revenue Code Section 42 to include a new minimum set-aside option called the Average Income Test (AIT). This course focuses on applying the AIT, its effects on the Available Unit Rule and how noncompliance is treated. This is an advanced course that assumes you have completed the Tax Credit Basics series.