Michael Carlon, Cpa Email and Phone Number

Audit Partner with more than 25 years of experience in real estate and Low Income Tax Credit Projects as well as auditing and tax return preparation for the not for profit developers. Current responsible for tax and financial reporting for over forty low income housing tax projects located mostly in New York City. Have been involved in numerous low-income housing tax credit projects ranging in size from $2 million to $75 million dollars. The services provided on these projects include certification of costs incurred to meet the 10% test in accordance with Internal Revenue Code Section 42(h) (1) (E) and Treasury Regulation Section 1.42-b, audited cost certifications, preparation of Form 95-5 (both pre and post) for New York State and City to obtain tax exempt financing, preparation of 8609 submissions, annual financial statement audits and preparation of annual partnership tax returnsMy areas of concentration include affordable and supportive housing, healthcare and community funded and government subsidized organizations for a wide range of services and include community development organizations, HUD and HPD funded entities, and low-income housing tax credit partnerships (LIHTC).Over 20 years of experience providing audit and consulting services to employee benefit plans, privately held companies, and not-for-profit organizations, including plans requiring an audit for the first time, plans terminating, and plans transitioning to new service providers. Practice Focus & ExpertiseFinancial Audits, Pension Audits, General Accounting, Business ValuationsIndustry SpecializationsEmployee Benefit Plans, Low Income Housing Investment Tax Credits (LIHTC), Real Estate Development & Management, Construction, Telecommunications, Manufacturing, Retail, ServiceSpecialties: Pension Plan Auditing, LIHTC, and Business Valuations