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Revision as of 19:25, 7 January 2025
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Structured Entity Tax Credit - The internal revenue service is attacking an inventive scheme involving state conservation tax snack bars. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually expended and a K-1 is disseminated to the partners who then take the credits for their personal yield. The IRS is arguing that there's really no legitimate business purpose for your partnership, it's the strategy fraudulent.
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