A tax shelter which the IRS feels is being used to claim illegal deductions, such as inflating the value of acquired property above its market value.
Related information about abusive tax shelter:
- Abusive Tax Shelter Definition | Investopedia
An investment scheme that claims to reduce income tax without changing the value of the user's income or assets. Abusive tax shelters serve no economic ...
- Abusive Tax Shelters and Transactions
The Abusive Tax Shelter Mandatory Information Document Request (IDR) is required for all LB&I return examinations and extends to examination activities that ...
- Did Romney enable a company's abusive tax shelter? - CNN.com
Aug 9, 2012 ... Peter Canellos and Edward Kleinbard say that Mitt Romney undermined the fairness of the tax system in his role as audit chair at Marriott.
- Audit-Proofing Strategies: Identifying an Abusive Tax Shelter
The rate of return on investment for an abusive tax shelter is much lower than for other types of ... In an abusive tax shelter, the primary gain is the tax advantage.
- Introduction to the Son of Boss Abusive Tax Shelter Transaction
A straightforward analysis of the Son of Boss tax shelter and why it does not work.
- Abusive Tax Shelters
What is an abusive tax shelter? Abusive tax shelters are transactions promoted for the promise of tax benefits with no meaningful change in a taxpayer's income ...
- Abusive Tax Shelter - Financial Dictionary - The Free Dictionary
Abusive Tax Shelter. Also found in: Acronyms, 0.02 sec. Abusive tax shelter. A limited partnership that the IRS judges to be claiming tax deductions illegally.
- Abusive Tax Shelters | California Franchise Tax Board
... FTB Notice 2011-1 Abusive Tax Shelter – California Listed Transactions – Abusive Sales Factor Manipulation; FTB Notice 2011-3 Abusive Tax Shelter ...