Abusive tax shelter

A Tax shelter which the IRS feels is being used to Claim illegal Deduction, such as inflating the value of acquired Property above ITS market value.

Related Terms: 10 Claim, Deduction, Flat, ITS, Legal, Leg, Market, Property, Tax, Tax shelter

Other Related Pages: Category: Taxes Starting With: A

Additional Related Terms: 10-Q, 10-K, Above par, Accreted value, Accrual of discount, Accrued market discount, After-tax basis, Amortization of premium, Amortized value, At par