Form 8874-B

Department of the Treasury

Internal Revenue Service

1 Name of qualified community development entity (CDE)

3

b

2

c

(March 2007) OMB No. 1545-2066

Notice of Recapture Event for New Markets Credit

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5 6

7 8

9

10

EIN of qualified CDE

Name of taxpayer with qualified equity investment subject

to recapture

TIN of taxpayer with qualified equity investment subject to

recapture

Date of recapture event (mm/dd/yyyy) Amount of New Markets Credit recaptured

Date of qualified equity investment (mm/dd/yyyy) Amount of qualified equity investment

Reason for recapture

Aggregate decrease in credit: Year 2

Aggregate decrease in credit: Year 1

Aggregate decrease in credit: Year 3

d Aggregate decrease in credit: Year 4

e Aggregate decrease in credit: Year 5

f Aggregate decrease in credit: Year 6

g Aggregate decrease in credit: Year 7

Please

Sign

Here

Signature of authorized official of CDE Date

Type or print name

Under penalties of perjury, I declare that the recapture event identified above occurred on the date identified above.

©

a

For Paperwork Reduction Act Notice, see instructions. Cat. No. 49312R Form 8874-B (3-2007)

/ /

/ /

CDE ceased to be a CDE

The proceeds of the investment ceased to be used in a

manner that satisfies the substantially-all requirement

The investment is redeemed or otherwise cashed out by

the CDE
General Instructions

Purpose of Form

Where To File

When To File

Additional Information

Form 8874-B (3-2007) Page 2

Section references are to the Internal Revenue Code

unless otherwise noted.

CDEs must provide notification to any taxpayer holder

of a qualified equity investment (including prior holders)

that a recapture event has occurred. This form is used

to make the notification as required under Regulations

section 1.45D-1(g)(2)(i)(B).

Attn: LIHC Unit

DP 607 South, Philadelphia Campus

Internal Revenue Service

P.O. Box 331

Bensalem, PA 19020

The original signed form must be provided by the CDE

to the taxpayer no later than 60 days after the date the

CDE becomes aware of the recapture event. Send a

copy of the form to the IRS at the address listed above.

Keep a copy for your records.

A separate notice must be provided for each qualified

equity investment for which a recapture event occurred.

For more details, see Form 8874, New Markets Credit,

Pub. 954, Tax Incentives for Distressed Communities,

section 45D, Regulations section 1.45D-1, or

www.cdfifund.gov.

You are not required to provide the information

requested on a form that is subject to the Paperwork

Reduction Act unless the form displays a valid OMB

control number. Books or records relating to a form or

its instructions must be retained as long as their

contents may become material in the administration of

any Internal Revenue law. Generally, tax returns and

return information are confidential, as required by

section 6103.

Paperwork Reduction Act Notice

We ask for the information on this form to carry out the

Internal Revenue laws of the United States. You are

required to give us the information. We need it to

ensure that you are complying with these laws and to

allow us to figure and collect the right amount of tax.

The time needed to complete and file this form will

vary depending on individual circumstances. The

estimated average time is:

Recordkeeping 5 hr., 1 min.

If you have comments concerning the accuracy of

these time estimates or suggestions for making this

form simpler, we would be happy to hear from you.

You can write to the Internal Revenue Service, Tax

Products Coordinating Committee,

SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave. NW,

IR-6406, Washington, DC 20224. Do not send the form

to this address. Instead, see Where To File above.

Learning about the

law or the form 12 min.

Preparing and sending

the form to the IRS 17 min.