Difference between revisions of "Offshore Business - Pay Low Tax"

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Latest revision as of 16:15, 9 August 2025


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Structured Entity Tax Credit - The irs is attacking an inventive scheme involving state conservation tax credit cards. 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 take the credits on the personal refund. The IRS is arguing that there's really no legitimate business purpose for that transfer pricing partnership, rendering it the strategy fraudulent.

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