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tax shelter
(redirected from Tax shelters)

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
tax shelter
n.
A financial arrangement, such as the use of special depletion allowances, that reduces taxes on current earnings.

tax-sheltered (tksshltrd) adj.

tax shelter
n
(Economics, Accounting & Finance / Accounting & Book-keeping) Commerce a form into which business or financial activities may be organized to minimize taxation
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.tax shelter - a way of organizing business to reduce the taxes it must pay on current earnings
reduction, step-down, diminution, decrease - the act of decreasing or reducing something


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While it agreed with the Tax Court that a House report could be a good record of congressional intent, it also found that in this case the report did not support Valero's position because nothing in it indicated that tax shelters were limited to actively marketed tax shelters or prepackaged products.
Valero further argued that the word "promotion" refers only to the peddling of prepackaged tax shelters, as alluded to in Textron (100 AFTR2d 2007-5848, "Tax Matters: Work Product Stands Up to IRS Summons," JofA, Nov.
The money was received from tax shelters, but the actual cash returns for the foundation were only $105,000 for the two years.
 
 
 
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