Presenter: Deb Piltch, Piltch Associates
We will begin this training with a discussion of whose assets we count and whose assets we don’t count.
We will also discuss the special rules which apply when calculating income from assets, specifically when it is necessary to impute asset income, and the rule relating to the disposal of assets. We will then focus our attention on the various sources of assets and how to calculate income from assets. We will practice calculating income from various sources of assets: checking and savings accounts, CD’s, IRAs, retirement accounts, annuities, and life insurance. In addition, we will discuss differences in interpretation between HUD and some Tax Credit monitors in relation to how to count specific assets. Participants will be expected to practice calculations at the training. Everyone will need a calculator.