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tax shelter |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Tax Shelter An investment selected mainly because it provides favorable tax treatment. Notes: The IRS watches tax shelters carefully. If an investment is made for the sole purpose of avoiding or evading taxes, you could be forced to pay tax (or even penalties).Tax shelter Legal methods taxpayers can use to reduce tax liabilities. An example is the use of depreciation of assets.
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