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Revision as of 02:44, 2 October 2024
Investing in bonds is a good way to earn reasonable returns, but how do verdict whether a tax free bond or simply a taxable bond is approach investment? A bond will be merely the lending of money to another party. Bonds are issued as security for the money loaned. Most bonds are generally corporate or governmental. They are traditionally issued in $1,000 face amount. Interest is paid on an annual or semi-annual account. Corporate bonds are taxable, while some governmentals are non-taxable. Municipal bonds and I-bonds (issued by the U.S. Treasury) are non-taxable.
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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 consumed and a K-1 is disseminated to the partners who then go ahead and take credits on the personal pay back. The IRS is arguing that there isn't legitimate business purpose for that partnership, rendering it the strategy fraudulent.
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