tax shelter

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Tax shelter

Legal methods taxpayers can use to reduce tax liabilities. An example is the use of depreciation of assets.

Tax Shelter

An investment vehicle that reduces one's tax liability. For example, a 401(k) defers taxation until withdrawal from the account and may therefore be considered a tax shelter. Tax shelters are legal unless their sole purpose is to avoid taxes. See also: Tax evasion.

tax shelter

An investment that produces relatively large current deductions that can be used to offset other taxable income. Popular tax shelters include real estate projects and gas and oil drilling ventures. Also called shelter. See also abusive tax shelter.

tax shelter

An investment that generates paper losses or tax credits that may be used to offset other income and thus reduce taxes.

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403(b) Plan Abri Abusive Tax Shelter Alaska Trust Act American Jobs Creation Act burned-out tax shelter Burnout Loophole Reachback Refugio fiscal Registered Retirement Savings Plan RRSP Shelter Tax Umbrella Tax-Deferred Annuity Tax-Free Income Tax-Sheltered Annuity Tax-Sheltered Income TSA			The Tax Court held that the tax shelter exception to the tax practitioner/client privilege did not apply to documents in the form of the minutes of meetings between a partnership and a federally authorized tax practitioner because the tax advice in the documents was not given in connection with the promotion of a tax shelter. Two courts address tax shelter exception to tax practitioner privilege by Beavers, James / The Tax Adviser In so holding, the court adopted a more expansive view of what constitutes "promotion" of a tax shelter than the one that figured in the U. "Significant purpose" of tax avoidance trumps document privilege by Elzweig, Brian / Journal of Accountancy The CRA Charities Directorate says, "it appears that the preponderance of the Charity's funds are directed primarily to the benefit of the tax shelter promoters and to the promotion of the tax shelter arrangement while a scant percentage reverts back to the Charity. CRA revokes charitable status of Montreal foundation by Community Action			Tax Loss Harvesting Tax Lot Accounting Tax Map tax maps tax on sale of home Tax Opinion Tax Planning Tax Preference Item tax preference items Tax Preparation Services tax rate Tax Rate Schedules tax redemption Tax Reduction Strategy Tax Reform Act of 1976 Tax Reform Act of 1984 Tax Reform Act of 1986 Tax Reform Act of 1993 Tax Refund Tax Return tax roll tax sale Tax Schedule Tax Schedules Tax Selling tax shelter Tax Shield Tax Software Tax Status Election tax stop Tax Straddle Tax Swap Tax Table Tax Treaty Tax Umbrella Tax Value tax year Tax-Appraised Value Tax-Deductible Tax-Deductible Interest Tax-Deferred Account Tax-Deferred Annuity Tax-Deferred Contribution tax-deferred exchange Tax-Deferred Income Tax-Deferred Retirement Plan Tax-Deferred Retirement Plans Tax-Efficient Fund Tax-Efficient Funds Tax-Equivalent Income Tax-Equivalent Yield			tax return tax return Tax Return Data Base Tax Return Evaluation Tax Return Preparer Tax Return Verification tax returns tax returns tax returns Tax Returns Processing tax revenue Tax Revenue Anticipation Note Tax Revenue Division Tax revenues tax roll tax ruling Tax sale Tax sale Tax sale Tax sale Tax sale Tax Sales Tax Sales tax sanctuary Tax Saver Fixed Deposit Tax Schedule Tax schedules Tax selling Tax Set-Up Tax Settlement Reengineering tax shelter tax shelter investments tax shelter investments tax shelter investments tax shelter investments Tax Sheltered Annuities Tax Sheltered Annuity Tax Sheltered Annuity Tax Sheltered Annuity Voluntary Compliance Tax Sheltered Income Tax Sheltered Incomes Tax shelters Tax shelters Tax shelters Tax shield Tax Shields Tax software Tax stamp Tax stamps Tax status election Tax Status Elections tax stop Tax Stops Tax straddle Tax Straddles Tax Study Commission Tax Support Processing Systems Architecture Tax swap Tax Swaps tax system tax system

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