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Version du 1 novembre 2024 à 06:45
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Invincible? The government extends special treatment to no-one can. Famous movie star Wesley Snipes was arraigned with Failure toward putting away Tax Returns from 1999 through 04. Did he get away with doing it? No! Even with his fancy expensive lawyers, Wesley Snipes received the maximum penalty because of not filing his tax returns - few years.
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Structured Entity Tax Credit - The irs is attacking an inventive scheme involving state conservation tax credit cards. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually spent and a K-1 is issued to the partners who then go ahead and take credits for their personal yield. The IRS is arguing that there is absolutely no legitimate business purpose for that partnership, rendering it the strategy fraudulent.
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