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Revision as of 03:19, 16 September 2024
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Structured Entity Tax Credit - The government transfer pricing is attacking an inventive scheme involving state conservation tax snack bars. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually spent and a K-1 is issued to the partners who then consider the credits with their personal pay back. The IRS is arguing that there isn't a legitimate business purpose for your partnership, rendering it the strategy fraudulent.
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