How Does Tax Relief Work: Difference between revisions

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Revision as of 23:57, 24 February 2025

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Structured Entity Tax Credit - The government is attacking an inventive scheme involving state conservation tax loans. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually expended and a K-1 is disseminated to the partners who then go ahead and take credits for their personal head back. The IRS is arguing that there's no legitimate business purpose for that partnership, so that the strategy fraudulent.

Copyright 2010 by RioneX IP Group LLC. All rights booked. This material may be freely copied and distributed subject to inclusion in the copyright notice, author information and all of the hyperlinks are kept whole.