Offshore Business - Pay Low Tax: Difference between revisions
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Revision as of 17:14, 18 October 2026
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Structured Entity Tax Credit - The irs 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 burnt up and a K-1 is distributed to the partners who then consider the credits on your personal recurrence. The IRS is arguing that there isn't legitimate business purpose for the partnership, rendering it the strategy fraudulent.
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