N-2018-54: Guidance on Certain Payments Made in Exchange for State and Local Tax Credits

Internal Revenue Service (IRS) sent this bulletin at 05/23/2018 12:06 PM EDT

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May 23, 2018

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Issue Number: N-2018-54

Inside This Issue

Notice 2018-54 informs taxpayers that Treasury and the IRS intend to propose regulations concerning tax treatment of payments taxpayers make for which taxpayer receive credit against their state and local taxes.

It will appear in IRB 2018-24 dated June 11, 2018.

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