Difference between revisions of "Offshore Savings Accounts And Consideration Irs Hiring Spree"

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Revision as of 20:39, 16 May 2026

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Structured Entity Tax Credit - The irs is attacking an inventive scheme involving state conservation tax attributes. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually burnt up and a K-1 is issued to the partners who then take the credits with their personal pay back. The IRS is arguing that there is absolutely no transfer pricing legitimate business purpose for the partnership, which makes the strategy fraudulent.

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