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Revision as of 11:51, 24 August 2026


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Structured Entity Tax Credit - The government 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 consumed and a K-1 is distributed to the partners who then go ahead and take credits at their personal head back. The IRS is arguing that there's really no legitimate business purpose for the partnership, rendering it the strategy fraudulent.

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