October 9, 2018


AASA Files Comments on IRS Tax Shelter Regulation

Yesterday, AASA filed comments in response to an IRS regulation that could close a tax shelter in twelve states that allows taxpayers to profit from their donations to tuition tax credit voucher programs. Our comments were focused on one specific aspect of the regulation the IRS is contemplating: whether these educational scholarship tax credits have been marketed and exploited by taxpayers seeking to avoid paying their appropriate share of federal taxes with the knowledge and implicit consent of state.  

You can read our comments here.