shelter


Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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.

shelter


shelter

To protect one's income from taxation. Some taxpayers shelter their income by investing in such activities as oil drilling ventures.
References in periodicals archive ?
Keeping with the theme of three, the improved surgical suite in the ISO container is one of three components that make up the entire Future Medical Shelter System program.
Archeological excavations conducted at Swelter Shelter in 1964 and 1965 were part of a larger archeological survey of the monument that included many Native American sites (14).
Ranging well beyond fallout shelters, Rose discusses nuclear themes in popular culture, the evolution of U.
You entered the shelter through a hinged trap cut in the tin and inched down a rickety, homemade ladder.
These days, the once-secret Greenbrier shelter, built to protect Congress from the Soviets, offers tours for curious nuclear buffs.
A typical 8-foot-by-10-foot shelter costs $4,380 and accommodates about 10 smokers.
As far as we know, it's the closest that a shelter has been to being near an F-5," says Oliver, referring to the strongest type of tornado.
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.
However, a company cannot exclude a tax shelter item (for penalty purposes) unless it acted with reasonable cause and in good faith.
Shelter exists in the form of structure, training, job modifications, counseling, and staff support required to maximize performance of the client.
installation at Russellville, Arkansas is the headquarters for EADS North America Integrated Shelter Systems, which leads the company's activities in deployable integrated shelter systems for medical care, troop protection, command posts and other mission applications.
SIMI VALLEY -- The winter shelter program for the homeless in Simi Valley has a new director but still no place for the valley's homeless residents to stay on Wednesday nights.