Properties that meet certain requirements may qualify for a re-certification waiver from the IRS. This waiver will allow property owners to discontinue conducting annual income re-certification on their Section 42 properties. Although many owners and management agents find re-certification waivers desirable, it is still necessary to collect pertinent information annually. Contact your state agency for details.
Compliance Solutions may be able to assist you in completing the waiver process. In most cases, owners are required to have an authorized contractor inspect 100% of the tenant files before a re-certification waiver is granted. Compliance Solutions is a nationally recognized contractor. We have the experience and reputation to help you successfully achieve waiver status.
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