Details Of 2010 Federal Income Taxes: Difference between revisions
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Revision as of 23:26, 4 February 2025
Ask ten people a person's can discharge tax debts in bankruptcy and shortly get ten different causes. The correct answer usually that you can, but only if certain tests are met up.
Structured Entity Tax Credit - The internal revenue service is attacking an inventive scheme involving state conservation tax attributes. 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 go ahead and take credits at their personal recurrence. The IRS is arguing that there's no legitimate business purpose for that partnership, which makes the strategy fraudulent.
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