Oct 17 in General discussion
How does the IRS distinguish between ECI and non-ECI funds?
Forgive me if this is a bit of a naive question, but as far the IRS is concerned all they see is what's reported on tax returns, so how do they actually tell/conclude that the funds being reported on the return is non-ECI and not taxable?
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How does the IRS distinguish between ECI and non-ECI funds?
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