Rehabilitation Credits Disallowed

The Third Circuit held that a corporate partner in a partnership was not entitled to claim historic rehabilitation credits passed through to it from the partnership because the corporation was not a bona fide partner in the partnership.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/tqRuZhYLWFs/TaxTrends_Dec2012-story-01.aspx

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