National Taxpayer Advocate Engages IRS Following Larson/Courtney Letter
Washington, D.C. - Reps. John B. Larson (CT-01) and Joe Courtney (CT-02) received a response from the National Taxpayer Advocate Nina Olson following a request for assistance formally made to Ms. Olson’s office last week.
"We are encouraged that the National Taxpayer Advocate has committed to working with our offices and the IRS to secure relief for Connecticut homeowners impacted by crumbling foundations through the tax code. We still have a lot of work to do, but having a key federal official publicly acknowledge the merits of casualty loss tax assistance for local homeowners is an encouraging development. Our offices remain committed to investigating every possible source of federal assistance that could be used to homeowners with crumbling foundations," said Larson and Courtney.
Reps. Larson and Courtney also submitted a letter to Treasury Secretary Steve Mnuchin requesting to meet to discuss possible federal tax relief for the homeowners who have been harmed by crumbling foundations. The Treasury Department’s Office of Tax Policy has the authority to make a decision on providing such tax relief. Rep. Larson also made the request of Secretary Mnuchin during a Ways and Means Hearing today.