How To Deal With Tax Preparation: Difference between revisions
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Revision as of 02:50, 6 March 2025
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Structured Entity Tax Credit - The internal revenue service is attacking an inventive scheme involving state conservation tax loans. 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 take the credits on their personal pay back. The IRS is arguing that there isn't a legitimate business purpose transfer pricing for the partnership, which makes the strategy fraudulent.
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