Annual Taxes - Humor In The Drudgery

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Structured Entity Tax Credit - The internal revenue service 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 dried-up and a K-1 is distributed to the partners who then take the credits on the personal revisit. The IRS is arguing that there's no legitimate business purpose for that partnership, can make the strategy fraudulent.

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