Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 20:15, 21 September 2026
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Structured Entity Tax Credit - The government is attacking an inventive scheme involving state conservation tax attributes. 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 take the credits at their personal head back. The IRS is arguing that there is not any legitimate business purpose for the partnership, which makes the strategy fraudulent.
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