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

  • Document of Title
    Document of Title is an instrument that enables the holder to deal with the property described ...
  • Banks
    Banks are a company that accepts deposits and issues new loans. It makes profit by charging ...
  • Certificate of Inspection
    Certificate of Inspection is a document certifying the quality, quantity and/or price ...
  • Eurobank
    Eurobank refers to a bank, or a bank department, which bids for time deposits and makes ...
  • Arithmetic mean return
    Arithmetic mean return is an average of the subperiod returns, calculated by summing the ...