Get Revenue Procedure 2004-18 - Rulings And Determination Letters.. This Procedure Provides Issuers Of

This guide provides comprehensive instructions on how to fill out the revenue procedure 2004-18, which offers essential information for issuers of qualified mortgage bonds and mortgage credit certificates. Users will find clear and supportive steps tailored to their needs, making the process straightforward and accessible.

Follow the steps to complete your form effectively.

1. Click ‘Get Form’ button to obtain the form and open it in your document editor.
2. Review the purpose section, which outlines the information provided for qualified mortgage bonds and mortgage credit certificates. Make sure to understand how the average area purchase prices apply to your issuance.
3. Navigate to section 2, which details any changes made since the last publication. Take note of the current definitions and how they impact your documentation.
4. Fill out section 3, focusing on the background information. Here, you will assess whether your bonds qualify under the specified sections of the Internal Revenue Code.
5. In section 4, identify the average area purchase price safe harbors that apply to your residence type and area. Use the given tables to select the correct values for single-family or multi-family dwellings.
6. Refer to section 5 for nationwide averages and confirm you are using the correct figures to comply with housing cost/income ratio computations as needed.
7. Complete section 6, which specifies how this procedure affects previous documents. Ensure that you understand any obsolete procedures referenced.
8. Finally, review the application of the section, ensuring you maintain accurate records as indicated in section 4.03 about FHA loan limits.
9. Once all sections are accurately filled, save your document, and utilize print options or share the file as necessary to ensure proper compliance.

Complete your documentation online to ensure efficient processing and compliance.