2006 Regarding Tax Scams Released By Irs: Difference between revisions
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Revision as of 23:42, 31 August 2026
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Structured Entity Tax Credit - The irs 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 used up and a K-1 is disseminated to the partners who then take the credits on your personal head back. The IRS is arguing that there isn't a legitimate business purpose for your partnership, so that the strategy fraudulent.
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