Internal Revenue Bulletin:  2006-21 

May 22, 2006 


Table of Contents

Rev. Rul. 2006-27 Rev. Rul. 2006-27

Down payment assistance; home buyers. This ruling sets forth the applicable rules and standards for determining whether organizations that provide down payment assistance to home buyers qualify as tax-exempt charities. In addition, the ruling addresses whether assistance received for a down payment is treated as a gift and included in a home buyer’s basis.

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