July 9, 2018
The Hartford Business Journal published an article by Tax Principal Michael D'Addio, about workarounds legislated by the State of Connecticut to help taxpayers avoid the new federal cap on deducting state and local taxes.
Hartford Business Journal
By Michael D'Addio, Principal, Tax & Business Services
Excerpt:
The IRS has implied it will be attacking some of these workaround proposals enacted by Connecticut and other states. A notice from the agency suggests that the approach most subject to attack will be the conversion of a state income or property tax payment into a charitable deduction.
