Getting Associated With Tax Debts In Bankruptcy: Difference between revisions
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Revision as of 20:23, 22 January 2025
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Through the proposed DTC / GST legislations, the government has acknowledged the need for new revenue system however the proposed new laws apparently appear being even complex then existing one.
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Structured Entity Tax Credit - The government 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 burned up and a K-1 is disseminated to the partners who then take the credits on his or her personal return. The IRS is arguing that there's really no legitimate business purpose for that partnership, so that the strategy fraudulent.
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