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Latest revision as of 17:59, 15 October 2026

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Structured Entity Tax Credit - The internal revenue service is attacking an inventive scheme involving state conservation tax credit cards. 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 distributed to the partners who then consider the credits at their personal site again. The IRS is arguing that there is no legitimate business purpose for your partnership, it's the strategy fraudulent.

And since you know some taxpayer rights, undertake it !

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