Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 13:23, 4 October 2024
Right with the get-go -- this is my region. I know the legalities and practicalities of the offshore world better than all but, maybe, 500 experts across the world. If you don't know really want these people (and do not require is with a internet trying to sell you something) then please listen to me with both ear canal.
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Structured Entity Tax Credit - The internal revenue service is attacking an inventive scheme involving state conservation tax credits. 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 his or her personal revisit. The IRS is arguing that there's no legitimate business purpose for that partnership, rendering it the strategy fraudulent.
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