Warren Urges IRS to Crack Down on Real Estate Investment Trusts (REITs) Squeezing Health Care and Hotel Industries and Stretching Tax Rules
September 04, 2024
September 04, 2024
WASHINGTON, Sept. 4 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:
Senator Elizabeth Warren (D-Mass.) urged IRS Commissioner Danny Werfel to increase agency scrutiny to determine whether Real Estate Investment Trusts (REITs) may be violating tax law.
Under the current tax code, REITs can take advantage of lucrative tax breaks at the expense of taxpayers as long as they meet certain passive investment criteria. But earlier this week, the IR . . .
Senator Elizabeth Warren (D-Mass.) urged IRS Commissioner Danny Werfel to increase agency scrutiny to determine whether Real Estate Investment Trusts (REITs) may be violating tax law.
Under the current tax code, REITs can take advantage of lucrative tax breaks at the expense of taxpayers as long as they meet certain passive investment criteria. But earlier this week, the IR . . .