Tax Shelter

The Last Tax Shelter?

Tax shelters have been a bad word since legislation was designed to eliminate what was considered abusive.  From the sweeping language of the Tax Reform Act of 1986, Pub L. 99-514, tax shelters were, in essence, wiped out and became the equivalent of a 4-letter word in tax planning.

But are tax shelters really gone?

Haven’t there been cases where the IRS has alleged that certain devises are still abusive tax shelters?

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