Definition

Abusive tax shelter

Abusive tax shelter is a limited partnership that the IRS judges to be claiming tax deductions illegally.

Share it:  Cite

More from this Section

  • Customs/Forwarding Agent
    Customs / Forwarding Agent are customs Agent is one specialising in clearance of imports ...
  • Time series Analysis
    Time series Analysis is an analysis of relationships between two or more variables over ...
  • Annual basis
    Annual basis is the technique in statistics of taking a figure covering a period of less ...
  • Sources and Uses of Funds Statement
    Sources and Uses of Funds Statement is the financial reports on a business customer showing ...
  • Tier 2 Capital
    Tier 2 Capital Comprises Property Revaluation Reserves, Undisclosed Reserves, Hybrid Capital, ...