tax shelter

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tax shelter

n.
A financial arrangement, such as the use of special depletion allowances, that reduces taxes on current earnings.

tax′-shel′tered (-shĕl′tərd) adj.

tax shelter

n
(Accounting & Book-keeping) commerce a form into which business or financial activities may be organized to minimize taxation

tax′ shel`ter


n.
any financial arrangement, as an investment that reduces or eliminates the taxes due.
tax′-shel`tered, adj.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
The basic concept is presented in the example below, which illustrates the potential results of tax shelters that were available to investors before the enactment of legislation designed to curb the use of these shelters.
The IRS considered these transactions to be tax shelters.
CalCPA-sponsored AB 1868 (Bermudez), which would correct the practice privilege statute that went into effect January 2006, made it to the governor despite opposition that mistakenly thought the legislation could allow the sale or promotion of abusive tax shelters to Californians with impunity.
In August 2003, the New York Times reported that abusive tax shelters cost the U.
Tax shelters offer a means of reducing taxes that may displace traditional sources of corporate tax deductions.
KPMG has avoided the fate of Arthur Andersen by admitting to criminal tax fraud over the long-simmering issue of "abusive" tax shelters and settling with the U.
The IRS has been developing policies to attack a variety of tax shelters including the contingent liability shelter, in which a high-basis asset is transferred to a new corporation in exchange for stock in an IRC section 351 transaction.
A popular choice among real estate investors seeking a 1031 replacement property is Tenant-in-Common (TIC) ownership, or fractional interest As a TIC owner, you have an undivided fractional interest in ,an entire property and share in your portion of the net income, tax shelters, and appreciation.
Tax shelters were the subject of the Internal Revenue Service's Tax Talk Today program on Feb.
Only one of the "reportable transaction" categories targets transactions clearly perceived by the IRS as yielding "too good to be true" tax results--namely, "listed transactions" specifically identified as abusive tax shelters in published Treasury or IRS notices.
Contributing to an RRSP may not elicit the kind of excitement that other tax shelters do, but most of us should consider maximizing our contributions to an RRSP to be one of the most important ways of sheltering our income from tax.