We start talking about carve-outs and credits as loopholes when the use begins to violate the spirit. No one has figured out how to capture the electric car tax credit without meeting the spirit, so it’s not a loophole yet.
As an example if you ship a $3196 product in four packages, each valued at $799, you are following the letter of the law but not the spirit.
As an example if you ship a $3196 product in four packages, each valued at $799, you are following the letter of the law but not the spirit.