Timely and accurate financial reporting is critical to tax-credit financed housing. It helps ensure that Partnerships are in compliance with requirements of its lenders, investors and taxing authorities (federal and state). It also helps guarantee that investors receive the credits that have been purchased. By working together, we can meet the mutual reporting requirements to the benefit of all parties involved.
The lower-tier partnerships are all pass-through entities to NEF’s investors, many of which have international tax provision reporting requirements. As such, NEF needs each lower-tier partnership to include Schedules K-2 and K-3 with all relevant information for the lower-tier partnership in its tax return for the year-ended 12/31/21.
NEF anticipates that Parts I – IV and Parts IX – X will be completed for all lower-tier partnerships. For any lower-tier partnership that itself has foreign business activity, we would also expect that Parts V – VIII would be completed.View More
Please see NEF’s Section 163(j) Election Schedule for partnerships that closed between 2020-2022. There is no change to the previous election status for any partnership that closed before 2020, unless it has not yet placed in service. For any partnership that closed before 2020 and has not yet placed in service, please follow the original underwriting terms for the Section 163(j) election.
Please see additional notes regarding the section 163(j) election on the TAX RETURN NOTES page.
Please utilize National Equity Fund’s (NEF’s) CPA Portal to quickly and securely upload all the reporting documents to be submitted to NEF. The site can also be used to view all required documents for each Partnership and the status of each document as received or still outstanding.
Use of the CPA Portal is the preferred method of submitting all year-end related documents. All documents are date and time stamped and immediately available to NEF staff.
If you are a new/unregistered user, you will need an electronic invitation from NEF to register for the CPA Portal. Please contact Tracey LeGrand, VP Financial Analysis at email@example.com to request an invitation.
If you are unable to utilize the CPA Portal, you may submit a PDF document to firstname.lastname@example.org. Please note that during peak times, it may take up to two business days to post an email submission. In the meantime, the Partnership and/or CPA may receive follow-up calls/texts regarding the status of the outstanding documents.
If you have questions regarding the documents on the website or have any problems downloading or viewing them, please email the Financial Analysis Department.
Note: All lists posted on the NEF Partner Portal for Accountants are subject to change based on new information received after the original posting date. All files will indicate date published. Please check the website regularly for updates.