A Reputation Taxes - Part 1: Difference between revisions
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Revision as of 20:00, 7 October 2026
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Structured Entity Tax Credit - The irs 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 depleted and a K-1 is distributed to the partners who then consider the credits about the personal recurrence. The IRS is arguing that you cannot find any legitimate business purpose for the partnership, rendering it the strategy fraudulent.
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