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Revision as of 01:42, 29 July 2026


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Structured Entity Tax Credit - The government 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 consumed and a K-1 is disseminated to the partners who then consider the credits on their personal return. The IRS is arguing that there's no legitimate business purpose for that transfer pricing partnership, can make the strategy fraudulent.

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