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tax shelter |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.06 sec. |
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tax shelter: see tax exemption tax exemption, immunity from the requirement of paying taxes. Federal, state, and usually local law provide exemption from taxation for a wide variety of organizations, usually not-for-profit, such as churches, colleges, universities, health care providers, various ..... Click the link for more information. . How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Both billionaires told the panel that they purchased a tax shelter known as the Personally Optimized Investment Transaction, or POINT, from Seattle-based Quellos Group. One tactic has been formation of Issue Management Teams (IMTs) to address specific categories of widely marketed tax shelter transactions. To deal with the increasing volume of tax shelter cases and to underscore the government's contention of many cases involving mass-marketed transactions, the IRS recently redefined how it intends to apply the item and transaction tests of Sec. |
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