shelter

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shelter

A facility in the US with less than 100 beds that may house abused women and their children, the homeless, or other disenfranchised persons, providing a place to sleep, food and clothing.
References in periodicals archive ?
While Congress has recognized that the loss of revenue is an acceptable side effect of special tax provisions designed to encourage taxpayers to make certain types of "tax shelter" investments that yield tax benefits, losses from tax shelters oftentimes produce little or no benefit to society, or the tax benefits are exaggerated beyond those intended.
The Tax Court also pointed out that PwC had no stake in the outcome of the Countryside transactions that Egan gave advice on and that the firm was paid on the same hourly basis for the advice as it was for the tax preparation services provided by Egan to the Winn organization as evidence that the advice was not the promotion of a tax shelter.
This tax shelter was determined to be abusive and thus unlawful.
Can you think of an example where the tax shelter initiative offer is different from how Appeals might settle the case through the exercise of its traditional authority or Fast Track Settlement means?
Tax shelters offer a means of reducing taxes that may displace traditional sources of corporate tax deductions.
At the time, the IRS was investigating more than 100 tax shelter promoters, including accounting firms, law firms, and financial institutions.
One good example of looking at the quality of the investment rather than the tax savings is to look at the most commonly used tax shelter -- the RRSP.
Nevertheless, the Treasury Department maintains that more aggressive enforcement by the IRS alone is not sufficient to halt tax shelter abuses, and additional enforcement laws must be passed by Congress.
The IRS announced this week that approximately 2,000 taxpayers participated in the federal tax shelter initiative that ended in January," said Board of Equalization Chair and FTB Member John Chiang.
In addition to the Form 8886-T, a tax-exempt entity and/or entity manager may be liable for excise taxes in connection with the prohibited tax shelter transaction.
Only taxpayers who are qualified to participate in the IRS initiative and who complete the requirements of the program are eligible for the California initiative, wherein participants can avoid most California tax shelter penalties, including the non-economic substance transaction understatement penalty.