7525 indicated that a routine relationship between a tax practitioner and a client did not amount to promotion of a tax shelter
for purposes of Sec.
I can assure you, Appeals is fulfilling its role in all of the internal discussions surrounding the tax shelter
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.
Tax professionals and tax shelter
promoters, also known as material advisors, who have provided aid or assistance with respect to promoting or carrying out any reportable transaction or tax shelter
must register tax and furnish lists of investors in those tax shelters
with the Minnesota Department of Revenue by Oct.
In another loss for the IRS in its fight against tax shelters
, a district court sustained allocations of income to a foreign partner that did not pay U.
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.
Although perhaps not usually thought of as a tax shelter
, contributing to an RRSP is, in fact, the best known and most popular tax shelter
And yet another Big Five firm requires its staff to come up with one new tax shelter
idea per week to keep abreast of the competition (Novack & Saunders, 1998).
The Canadian financial community became aware of the industry and sensitive to the possibilities of tax shelter
as an attractive vehicle for wealthy individuals and corporations.
The last day to participate in the California Tax Shelter
Resolution Initiative is April 3, 2006.
On September 22, 2007, the IRS released new Form 8886-T, Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter
Transaction, and the final instructions for its use.