Milwaukee Water Works: IRS rules that homeowners won’t have to pay additional taxes for subsidized replacement of lead pipes

Milwaukee, WI - The Internal Revenue Service issued a formal ruling this week that property owners will not be asked to count the subsidies they receive for replacing lead pipes as income when filing federal income taxes, or need to file amended tax returns if their lead service line was already replaced. Milwaukee Water Works has never notified customers that they may be expected to report their ...