Difference between revisions of "Getting Gone Tax Debts In Bankruptcy"
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Revision as of 14:43, 10 November 2024
Note: The article author is yet it will help CPA or tax quality. This article is for general information purposes, and should not be construed as tax good advice. Readers are strongly inspired to consult their tax professional regarding their personal tax situation.
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Structured Entity Tax Credit - The internal revenue service is attacking an inventive scheme involving state conservation tax loans. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually used up and a K-1 is distributed to the partners who then go ahead and take credits with their personal pay back. The IRS is arguing that you cannot find any legitimate business purpose for the partnership, so that the strategy fraudulent.
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Copyright 2010 by RioneX IP Group LLC. All rights booked. This material may be freely copied and distributed subject to inclusion these copyright notice, author information and all the hyperlinks are kept in one piece.