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 'tokens'. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually burned up and a K-1 is distributed 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 anjing that transfer pricing partnership, rendering it the strategy fraudulent.

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