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tax shelter News

IRS Wins $62M GE Tax Shelter Case
You would expect a tax shelter designed to save $62 million in taxes to be complicated.?? You would be right. The Second Circuit upheld a ruling against General Electric?s financing arm that charged the conglomerate with understating its income. See??TIFD III-E Inc. v. United States. The court said the IRS was right and IRS penalties ...

Representative From Joplin Calls For Storm Shelter Tax Deduction
(Jefferson City, MO) -- Having experienced and escaped frequent tornadoes since the 1970s, Rep. Bill Lant, R-Joplin, sponsors a bill that would offer a one-time income tax deduction up to $2,500 for the purchase and installation of a storm shelter.

Tree tax waiver in spotlight
AUGUSTA -- Lawmakers and coastal town officials are calling for tighter limits on the use of a tree-growing property tax exemption that they say is being abused as a tax shelter by wealthy oceanfront landowners.

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Tax Shelter Updates
Search IRS Site for: Search Forms and. Publications for: The Newsroom. Tax Shelter Updates ... responded to four questions about abusive tax shelter activity submitted by the Senate Governmental ... 27, 2003, will make tax shelter disclosures more useful and reduce taxpayer ...

Frequently Asked Questions - Keyword: Tax Shelter
... However, an abusive tax shelter generates little or no income, and exists solely to reduce taxes ... In comparison, a legitimate tax shelter often produces income and involves a ...

Allenbridge Group plc - The Tax Shelter Report
The Tax Shelter Report gives you in-depth information on VCTs, EIS, EZT and Film Partnerships ... Welcome... The Tax Shelter Report is a subscription-only publication published by the Allenbridge Group plc and ... Here at Allenbridge Tax Shelter Report we offer in-depth reviews of ...

Tax Shelter
... Tax Shelter. An investment selected mainly because it provides favorable tax treatment. The IRS watches tax shelters carefully. If an investment is made for the sole purpose of ...