Why Should You File Past Years Taxes Online: Difference between revisions
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Revision as of 18:38, 28 October 2025
There is much confusion about what constitutes foreign earned income with respect to the residency location, the location where the work or service is performed, and the source of the salary or fee costs. Foreign residency or extended periods abroad among the tax payer can be a qualification to avoid double taxation.
Structured Entity Tax Credit - The irs is attacking an inventive scheme involving state conservation tax credits. 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 disseminated to the partners who then consider the credits about the personal head back. The IRS is arguing that there's really no legitimate business purpose for the partnership, it's the strategy fraudulent.
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