Using tax credits to buy down tax payments due. A person has a tax credit but wants cash so he is willing to sale the tax credit to someone who owes taxes and desires to buy the tax credit at a deep discount.
Teddy did an Engineered Tax Services. He owed $2,500 in taxes but he was able to lower his taxes due down to $200 by buying tax credits at a deep discount from a film company willing to sell their credits for cash.
by TaxReformExpert February 19, 2022