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Latest revision as of 19:00, 1 September 2026
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Structured Entity Tax Credit - The government 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 burnt up and a K-1 is issued to the partners who then go ahead and take credits on their personal return. The IRS is arguing that there's really no legitimate business purpose for your transfer pricing partnership, so that the strategy fraudulent.
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