Overview
The Hill quoted Steptoe Chair Phil West in an article titled “Confusion Reigns as People Try to Figure Out Property Tax Rules.” The article, published December 28, discusses how confusion is reigning in cities and suburbs with high property taxes as homeowners weigh prepaying their 2018 property taxes in order to avoid a bigger bill once the Trump cuts take effect.
Mr. West says his interpretation of the IRS’s guidance is “consistent with the law” and finds it surprising that state and local governments were announcing prepayment options and giving taxpayers the impression that any prepayments would be deductible.
“There was a rush on the part of the state and local governments to get prepayments,” he adds.
The full article can be read at The Hill.