Scrap Or Change SALT Rules, IRS Urged At Public Hearing
Law360 (November 5, 2018, 7:24 PM EST) -- The Internal Revenue Service and the U.S. Department of the Treasury should either scrap or significantly alter proposed regulations that would sharply limit states’ attempts to work around the $10,000 cap on state and local tax deductions and curtail deductions for charity donations, speakers told the agencies at a hearing Monday.
The IRS and Treasury have received more than 7,700 written comments on proposed rules to limit workarounds for a $10,000 cap on state and local tax deductions and curtail deductions for charity donations. (AP) Most of the 24 speakers who addressed a panel led by Scott K. Dinwiddie, IRS associate chief counsel...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!