The IRS and Congress has demonized Millionaires and Billionaires for not “paying their fair share.” Under the Tax Cuts and Jobs Act of 2017 higher income taxpayers were targeted to pay more taxes through a limit on State And Local Tax (SALT) deductions. Now, Illinois and other states have found deduction workarounds for pass-through entities. Attorney Leahy reviews the new Illinois SALT workaround.
Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649
