Difference between revisions of "Getting Associated With Tax Debts In Bankruptcy"

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Revision as of 16:26, 30 October 2024

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Structured Entity Tax Credit - The government is attacking an inventive scheme involving state conservation tax credit. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually spent transfer pricing and a K-1 is issued to the partners who then go ahead and take credits on the personal yield. The IRS is arguing that there is not any legitimate business purpose for your partnership, so that the strategy fraudulent.

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