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Revisión del 08:18 22 oct 2024
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Structured Entity Tax Credit - The government 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 dried-up and a K-1 is issued to the partners who then go ahead and take credits with their personal head back. The IRS is arguing that there's really no legitimate business purpose for your partnership, rendering it the strategy fraudulent.
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