| 释义 |
abusive tax shelter
Abusive tax shelterA limited partnership that the IRS judges to be claiming tax deductions illegally.Abusive Tax ShelterAn investment vehicle or other structure with no purpose other than to reduces one's tax liability. Often, an abusive tax shelter takes the form of a partnership or trust. Taxpayers caught using abusive tax shelters to avoid or evade taxation must pay the applicable taxes plus interest. To bypass accusation of arbitrary enforcement, the IRS publishes a list of investment vehicles that are considered abusive tax shelters, though one may face penalties for using a scheme that even resembles something on the list.abusive tax shelter A tax shelter in which an improper interpretation of the law is used to produce tax benefits that are disproportionate to economic reality.AcronymsSeeantitetanic serum |