Difference between revisions of "Offshore Business - Pay Low Tax"

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Structured Entity Tax Credit - The government is attacking an inventive scheme involving state conservation tax 'tokens'. 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 issued to the partners who then consider the credits on their personal pay back. The IRS is arguing that there is no legitimate business purpose for your partnership, rendering it the strategy fraudulent.

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