United States

FASB Issues Guidance on Investments in Low Income Housing Tax Credits

Jan 24, 2014
From the Financial Reporting View

This edition of Defining Issues reports that the FASB issued guidance that will let investors in low income housing tax credit entities that meet certain conditions account for the investments entirely in income tax expense, which stakeholders believe more accurately reflects the economics of the investments.

Read Defining Issues: FASB Issues Guidance on Investments in Low Income Housing Tax Credits