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Version du 10 novembre 2024 à 21:59
Many small business owners start with a sole proprietorship avoid the costs of forming a corporation or LLC. This can be a wise decision as statistics show that a lot of small businesses throw money away for the first several years.
Structured Entity Tax Credit - The government 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 dried-up and a K-1 is issued to the partners who then go ahead and take credits on your personal revisit. The IRS is arguing that there is absolutely no legitimate business purpose for your partnership, can make the strategy fraudulent.
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