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IRS to Tax State Tax Returns

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IRS to Tax State Tax Returns
(Joe Mueller, The Center Square) – Elected officials in Colorado are sounding the alarm on a possible change to Internal Revenue Service rules on taxing state tax refunds. The IRS’ 16-page guidance on “federal income tax consequences of certain state payments” clarifies the federal tax status of state and local tax refunds and other payments made by governments to […] (continue)
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