When 8850 Form Renewal 2016-2023

Good afternoon and welcome to the webcast. I'm Linda's cockle, a partner at Ballard Spahr LLP. I'll be the moderator and presenter of this webcast, in which the viewers will learn about the tax incentives that are available to businesses and empowerment zones from a panel of IRS and HUD experts, including employment credits, work opportunity tax credits, section 179 deductions, facility bonds, and qualified zone Academy bonds. Now, I would like to introduce Pamela Glekas Spring, who is the director of HUD's Community Renewal Office. She will give us a brief message. Good afternoon, my name is Pamela Glekas Spring and I serve as the director of HUD's Office of Community Renewal, which administers the urban empowerment zones. Welcome to the HUD IRS webcast on the 2013 package of tax incentives. The 2012 American Taxpayer Relief Act extended the designations of 30 urban and 10 rural empowerment zones to December 31st, 2013. This extension provides a renewed opportunity for all 40 EZs to let their local business communities be aware of the economic advantages associated with each of the six categories of tax incentives. In this webcast, subject matter experts distinguished in their knowledge and application of IRS codes will spotlight each incentive. Our speakers will provide you with an understanding of the tax incentive subject matter that relates to the business tax incentive extensions as authorized by the 2012 American Taxpayer Relief Act. In addition to providing you with information on the six tax incentives available to urban and rural EZs, this webcast will also cover a discussion on the tax incentive utilization plans. In this discussion, data provided by the IRS research team will be used to show a decade-long record of businesses' utilization of the employment credits. Also, the webcast will provide a discussion on how...