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Revisión actual - 13:35 23 oct 2024
The IRS has set many tax deductions and benefits in place for individuals. Unfortunately, some taxpayers who earn a advanced of income can see these benefits phased out as their income climbs.
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Structured Entity Tax Credit - The government transfer pricing is attacking an inventive scheme involving state conservation tax credits. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually burnt up and a K-1 is issued to the partners who then go ahead and take credits with their personal return. The IRS is arguing that you cannot find any legitimate business purpose for that partnership, which makes the strategy fraudulent.
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