A Reputation Of Taxes - Part 1: Difference between revisions
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Latest revision as of 14:33, 16 September 2026
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Structured Entity Tax Credit - The irs is attacking an inventive scheme involving state conservation tax credit cards. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually burned up and a K-1 is issued to the partners who then take the credits with their personal head back. The IRS is arguing that there's no legitimate business purpose for your partnership, so that the strategy fraudulent.
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