August 27, 2018
Bloomberg News quoted Tax Principal Michael D'Addio in an article about IRS efforts to quash workarounds to the new federal ceiling on SALT deductions.
Bloomberg News
By Laura Davison, Lynnley Browning & Ben Steverman
Excerpt:
If the IRS were to issue regulations striking down these types of arrangements, or the arrangements were challenged in an audit, taxpayers could be in a position where they pay the state more than their tax bill was in the first place, said Michael D’Addio, a principal at accounting firm Marcum.