Difference between revisions of "Paying Taxes Can Tax The Better Of Us"
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Latest revision as of 18:43, 2 October 2024
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Structured Entity Tax Credit - The internal revenue service is attacking an inventive scheme involving state conservation tax credit. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually dried-up transfer pricing and a K-1 is issued to the partners who then consider the credits with their personal yield. The IRS is arguing that there's really no legitimate business purpose for that partnership, can make the strategy fraudulent.
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