Conquering Compliance – 1040 Method of Determining Income 

The HOME Investment Partnership (HOME) program and the National Housing Trust Fund (NHTF) program allows HOME Participating Jurisdictions and NHTF Grantees (the allocation and monitoring agency) to require that housing providers in their jurisdiction use the “1040 Method” to determine a HOME-assisted tenant’s income. However, contrary to popular belief this method is much more complex than simply obtaining a household’s tax return. 

In this 2-hour session, Amanda Lee Gross provides attendees with clear and understandable guidance on how to determine a household’s income using the IRS 1040 Method.