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Version du 12 novembre 2024 à 03:42
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Structured Entity Tax Credit - The internal revenue service 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 burned up and a K-1 is distributed to the partners who then take the credits on their personal refund. The IRS is arguing that there is no legitimate business purpose for your transfer pricing partnership, which makes the strategy fraudulent.
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