Which of the following statements is true regarding the state and local tax (SALT) deduction?...
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Accounting
Which of the following statements is true regarding the state and local tax (SALT) deduction?
the IRS can prevent state legislation designed to avoid the new federal state tax limitation.
the IRS has the authority to change state laws
the IRS is suing several states as a result of proposed changes
several states are contemplating changing state tax rules to circumvent the new limit on federal tax laws.
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