Tax Rates Reflect Well-Being: Difference between revisions

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Latest revision as of 11:36, 14 August 2026

Offshore tax evasion is crime in several onshore countries and includes jail time so it should be avoided. On another hand, offshore tax planning is Not really a crime.

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Structured Entity Tax Credit - The internal revenue service 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 spent and a K-1 is distributed to the partners who then consider the credits with their personal pay back. The IRS is arguing that there isn't a legitimate business purpose for your partnership, so that the strategy fraudulent.

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