Difference between revisions of "A Good Reputation Taxes - Part 1"
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Revision as of 18:13, 15 May 2026
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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 distributed to the partners who then consider the credits on their personal return. The IRS is arguing that there isn't a legitimate business purpose for that partnership, which makes the strategy fraudulent.
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