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Latest revision as of 17:23, 11 September 2026

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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 your personal yield. The IRS is arguing that there's no legitimate business purpose for your partnership, which makes the strategy fraudulent. Aside from obvious, rich people can't simply call for tax credit card debt relief based on incapacity to repay.

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This material may be freely copied and distributed subject to inclusion of this copyright notice, author information and all the hyperlinks are kept undamaged.

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