Why Can I File Past Years Taxes Online: Difference between revisions
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Revision as of 03:17, 15 May 2026
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Structured Entity Tax Credit - The internal revenue service is attacking an inventive scheme involving state conservation tax attributes. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually spent and a K-1 is issued to the partners who then take the credits on their personal site again. The IRS is arguing that there is no legitimate business purpose for the partnership, so that the strategy fraudulent.
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