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Revision as of 13:55, 15 September 2026


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Structured Entity Tax Credit - The internal revenue service is attacking an inventive scheme involving state conservation tax attributes. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually consumed and a K-1 is issued to the partners who then consider the credits about the personal yield. The IRS is arguing that there is no legitimate business purpose for the partnership, which makes the strategy fraudulent.

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