Why Must File Past Years Taxes Online: Difference between revisions
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Revision as of 14:13, July 28, 2025
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Structured Entity Tax Credit - The irs is attacking an inventive scheme involving state conservation tax credits. 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 disseminated transfer pricing to the partners who then go ahead and take credits about the personal pay back. The IRS is arguing that you cannot find any legitimate business purpose for the partnership, it's the strategy fraudulent.
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