What Is The Irs Voluntary Disclosure Amnesty: Difference between revisions
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Revision as of 06:34, 5 February 2025
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Structured Entity Tax Credit - The internal revenue service is attacking an inventive scheme involving state conservation tax credit. 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 issued to the partners who then go ahead and take credits on the personal head back. The IRS is arguing that there's really no legitimate business purpose for your partnership, it's the strategy fraudulent.
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