shelter

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Related to tax shelter: tax shelter investments

Shelter

A general term used in statutes that relates to the provision of food, clothing, and housing for specified individuals; a home with a proper environment that affords protection from the weather.

shelter

(Protection), noun aid, asylum, care, cover, covering, coverture, defense, habitation, harbor, haven, home, house, lodging, place of refuge, preservation, refuge, retreat, roof, safety, sanctuary, screen, security, shield, stronghold, support

shelter

(Tax benefit), noun advantage, gain, hedge, refuge, security, tax haven, tax sanctuary
Associated concepts: tax shelter
See also: asylum, building, bulwark, cache, cloak, cover, dwelling, ensconce, enshroud, guard, harbor, haven, hedge, hide, house, immure, keep, lodging, maintain, panoply, preserve, protect, protection, receive, refuge, safekeeping, safety, screen, security, shield, shroud, structure, sustain, veil
References in periodicals archive ?
In a decision released shortly after the Tax Court's decision in the Countryside case, the Seventh Circuit in Valero upheld the district court's order, rejecting Valero's claim that the tax shelter exception to the tax practitioner/client privilege did not apply to the documents in question.
Can you think of an example where the tax shelter initiative offer is different from how Appeals might settle the case through the exercise of its traditional authority or Fast Track Settlement means?
At the time, the IRS was investigating more than 100 tax shelter promoters, including accounting firms, law firms, and financial institutions.
Individuals and corporations that participated in a tax shelter must disclose by submitting a copy of the federal Form 8886, Reportable Transaction Disclosure Statement to Minnesota.
One good example of looking at the quality of the investment rather than the tax savings is to look at the most commonly used tax shelter -- the RRSP.
Nevertheless, the Treasury Department maintains that more aggressive enforcement by the IRS alone is not sufficient to halt tax shelter abuses, and additional enforcement laws must be passed by Congress.
Those taxpayers who do not sign up to participate in California's program will be assessed full penalties on the tax shelter transactions.
The final instructions indicate that a taxable party to a prohibited tax shelter transaction must provide a statement, to any tax-exempt entity that is party to the transaction, that the transaction qualifies as a prohibited tax shelter transaction.
Only taxpayers who are qualified to participate in the IRS initiative and who complete the requirements of the program are eligible for the California initiative, wherein participants can avoid most California tax shelter penalties, including the non-economic substance transaction understatement penalty.
The IRS has been developing policies to attack a variety of tax shelters including the contingent liability shelter, in which a high-basis asset is transferred to a new corporation in exchange for stock in an IRC section 351 transaction.