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 ?
The IRS recently announced (News Release IR-2001-74) that Merrill Lynch agreed to settle a case related to a tax shelter it had promoted.
But the state's 2005 amnesty program applies to all taxpayers for all tax years 2002 and prior and lacks the kind of "safe harbor" provisions found in last year's tax shelter program.
Daugerdas was convicted last year of helping to create tax shelters that benefited some of the world's wealthiest investors, including the late sports entrepreneur Lamar Hunt, trust fund recipients, inventors, a grandson of the late industrialist Armand Hammer, people who built fortunes on real estate or family businesses and a man described by a prosecutor as an ''accidental millionaire'' because he was one of the earliest investors in Microsoft Corp.
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.
In the Countryside case, the Tax Court held that the exception did not apply to the minutes because Egan did not give the advice they contained as part of the promotion of a tax shelter. Noting that other courts addressing the meaning of promotion for purposes of Sec.
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.
KPMG earned about $124 million on those four shelters and had been fending off the government's questioning of its tax shelter business since 1996.
IRS data available on tax shelter services sometimes predate legislative and regulatory changes reflecting a heightened focus on auditor independence.
These include provisions on tax shelter disclosure penalties, nonqualified executive deferred compensation plans, corporate governance, Enron-related transactions, corporate inversions, individual expatriation and other perceived tax abuses.