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IRS Puts Taxpayers on Notice Regarding State and Local Tax Deductions

On Behalf of | May 23, 2018 | IRS |

The Internal Revenue Service recently issued a notice about proposed regulations that will address the deductibility of state and local tax payments for federal income tax purposes, specifically reminding taxpayers that the IRS position is that federal law controls the characterization of payments, regardless of the treatment under state law.


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