States Sue IRS, Treasury To Strike Down SALT Cap Under New Tax Law

In the days following tax reform, leaders in some states complained loudly about feeling targeted by deduction caps imposed on state and local taxes (SALT). Now they've taken action. Today, four states (Connecticut, Maryland, New Jersey, and New York) ... States challenge federal deductions cap on state and local taxesThe Hill New York and three other states claim Trump tax law is unconstitutionalCNN States sue US to void state and local tax deduction capReuters Bloomberg -National Review -CNBC -NJ.com

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Dark money' groups don't need to disclose donors to IRS, Treasury says

Nonprofits that spend money to influence elections but are not required to disclose donors to the public — called “dark money” groups by critics — no longer need to share their donors' names or addresses in their tax filings under a new Treasury rule ... Treasury defends move to halt nonprofit disclosures amid Wyden threat Politico Wyden plans to vote against Trump IRS nominee due to new Treasury guidanceThe Hill [26 CFR 1.6033-2]: Returns by exempt organizations and returns by cert - IRS.govIRS.gov Treasury Department

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