INCOME TAX

Notice 2012–18, page 438. This notice informs state housing finance agencies participating in a specified pilot program of an alternative way to satisfy certain inspection and review responsibilities under regulations section 1.42–5(c)(2). The notice also invites taxpayers to comment generally on issues relating to regulations section 1.42–5 for potential changes to those rules.

Notice 2012–19, page 440. This notice provides adjusted limitations on housing expenses for tax year 2012 for purposes of section 911 of the Code. Notices 2006–87, 2007–25, 2007–77, 2008–107, 2010–27 and 2011–8 superseded.

Rev. Proc. 2012–17, page 453. This procedure provides the requirements for furnishing substitute Schedule K–1, Partner’s Share of Income, Deductions, Credits, etc., in electronic format.