The IMRS Monthly Overview provides synopses of some issues received and/or closed by the Issue Management Resolution System staff during the past month. The Monthly Overview informs the public about the work of IMRS and highlights issues of most interest to external stakeholders.
Recently Closed IMRS ISSUES
Communication and Outreach
IMRS Issue 16-0002121 – Improper deduction for home energy improvement loans secured by government-approved programs and repaid through property tax bill.
Issue: A stakeholder expressed concern about the improper deduction of loan payments for energy saving improvements as real estate taxes. Some homeowners finance energy saving improvements such as solar power installations through government-approved loan programs. The upgrades are financed 100 percent and repaid as an assessment on the property owner’s tax bill.
Response: The IRS created an article about this improper deduction for liaisons to share with stakeholders. In addition, the IRS updated Tax Topic 503 - Deductible Taxes with information to clarify that these payments are not deductible real estate taxes.
NOTE: This site has current and previous reports. The IRS posts monthly overviews for the prior two years through the current month. You can access reports for issues closed in prior years on the same page.
We invite you to raise issues/concerns with your local stakeholder liaison.