Crime Pays, But Experience To Pay Taxes Regarding It!
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Structured Entity Tax Credit - The government 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 transfer pricing is disseminated to the partners who then consider the credits on his or her personal yield. The IRS is arguing that there isn't legitimate business purpose for your partnership, which makes the strategy fraudulent.
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