Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 16:10, 14 May 2026
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Structured Entity Tax Credit - The government 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 consumed and a K-1 is distributed to the partners who then go ahead and take credits on his or her personal pay back. The IRS is arguing that you cannot find any legitimate business purpose for that partnership, it's the strategy fraudulent.
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