|(a) Even when an event of noncompliance is corrected,
the Department is required to file IRS Form 8823 with the IRS. IRS
Form 8823 will be filed not later than forty-five (45) days after
the end of the correction period specified in the Notice to Owner
(including any extensions permitted by the Department) but will not
be filed before the end of the correction period. The Department will
indicate on IRS Form 8823 the nature of the noncompliance and will
indicate whether the Development Owner has corrected the noncompliance.
(b) The Department will retain records of noncompliance
or failure to certify for six (6) years beyond the Department's filing
of the respective IRS Form 8823.
(c) The Department will send the Owner of record copies
of any IRS Forms 8823 submitted to the IRS. Copies of Forms 8823 may
be submitted to the syndicator provided that the Department has the
correct contact information.