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Revision as of 08:07, 1 September 2026
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Structured Entity Tax Credit - The government is attacking an inventive scheme involving state conservation tax snack bars. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually burnt up and a K-1 is distributed to the partners who then take the credits for their personal site again. The IRS is arguing that there is absolutely no legitimate business purpose for your partnership, so that the strategy fraudulent.
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