IRS Issues Section 4965 Guidance for Tax-Exempt Organizations That May Be...

Daily News;  February 26, 2007 ;     530 words ......the definition of a "party" to a "prohibited tax shelter transaction." Background The Tax...for participating as a "party" to "prohibited tax shelter transactions." A Section 4965 prohibited tax shelter transaction is one of three types...

Treasury Rule on Excise Taxes with Respect to Prohibited Tax Shelter...

US Fed News Service, Including US State News;  August 5, 2006 ;     97 words ......Regulations Branch has transmitted, pursuant to law, the report of a rule entitled "Excise Taxes With Respect To Prohibited Tax Shelter Transactions to Which Tax-Exempt Entities Are Parties and Related Disclosure Requirements." The document (Notice...

IRS Final Rule on Disclosure Requirements with Respect to Prohibited Tax...

US Fed News Service, Including US State News;  July 30, 2007 ;     92 words ......pursuant to law [5 U.S.C. 801(a)(1)(A)], the Service's final rule on Disclosure Requirements With Respect to Prohibited Tax Shelter Transactions. The document [TD 9335] (RIN: 1545-BG19) was received by the House on July 6. For more information...

Treasury Temporary Regulations Relating to Disclosure Obligations with...

US Fed News Service, Including US State News;  July 13, 2007 ;     98 words ......rule entitled "Temporary Regulations Under Sec. 6033(a)(2) Relating to Disclosure Obligations with respect to Prohibited Tax Shelter Transactions." The document (RIN1545-BG19)(TD 9335) was received by the Senate on July 6. For more information...

IRS Final Rule on Excise Taxes with Respect to Prohibited Tax Shelter...

US Fed News Service, Including US State News;  August 9, 2006 ;     102 words ......transmitted, pursuant to law [5 U.S.C. 801(a)(1)(A)], the Department's final rule on Excise Taxes With Respect To Prohibited Tax Shelter Transactions to Which Tax-Exempt Entities Are Parties and Related Disclosure Requirements. The document [Notice...

TAX SHELTER USERS SUFFER HEAVY TOLL UNDER TAX REFORM

The Journal Record;  March 5, 1988 ;     700+ words ......April 9. WASHINGTON - Real estate and tax shelter investors will soon get a close-up look...investing in rental properties. And tax shelter partnerships, with few exceptions, were...subject to the same restrictions as tax shelter investors. And many affluent owners...

Death of the corporate tax shelter?

The Tax Adviser;  November 1, 1997 ;     700+ words ......provision expands the definition of a tax shelter for purposes of the Sec. 6662 substantial...tax-avoidance purpose will now be considered a tax shelter. In addition, the TRA '97 provides that...transaction does not clearly reflect income. Tax Shelter Registration Previously, Sec. ...

Senate Releases Tax Shelter Measure

AP Online;  August 3, 2001 ;     700+ words ......AP Online 08-03-2001 Senate Releases Tax Shelter Measure WASHINGTON (AP) -- Driven partly...legislation Friday intended to curb tax shelter abuse through disclosure instead of...Grassley of Iowa, resembles previous tax shelter proposals in that it would boost from...

Court favors Alliant in tax shelter case

The Milwaukee Journal Sentinel;  June 22, 2001 ;     118 words ...Court favors Alliant in tax shelter case Friday, June 22, 2001 A federal...Energy Corp. in a case involving a tax shelter from which the company benefited...Revenue Service finding that the tax shelter was illegal. IES Industries, a...

Treasury: ; to move on tax shelter

Charleston Gazette;  August 11, 2000 ;     280 words ......shutting down a new kind of corporate tax shelter, continuing attacks on tax schemes the...condition of anonymity, said the new tax shelter was being marketed by "one or two of...fact that this offshoot of the December tax shelter had arisen so quickly showed the lengths...

IRS Wins Tax Shelter Ruling; Another Judge Rejects Attorney-Client...

The Washington Post;  May 19, 2004 ;     451 words ......attorney-client privilege in pursuit of tax shelter users and the professionals who aid...another in a string of victories in the tax shelter battle." He added, "The courts are rapidly...shelters and sold opinion letters to tax shelter participants. . . . The IRS has reason...

TELCO TAX SHELTER DRAWS EYE OF IRS

Rocky Mountain News;  November 9, 2004 ;     96 words ......Communications for using an allegedly abusive tax shelter, the Denver telco said in its quarterly...defend itself, reportedly bought the tax shelter scheme from the accounting firm KPMG LLP in 2000. Last fall, the IRS deemed the tax shelter was abusive. The telco said the IRS...

TELCO TAX SHELTER DRAWS EYE OF IRS.(Business)

Rocky Mountain News (Denver, CO);  November 9, 2004 ;     102 words ......Communications for using an allegedly abusive tax shelter, the Denver telco said in its quarterly...defend itself, reportedly bought the tax shelter scheme from the accounting firm KPMG LLP in 2000. Last fall, the IRS deemed the tax shelter was abusive. The telco said the IRS...

LEVIN-COLEMAN AMENDMENT TO CLAMP DOWN ON TAX SHELTER ABUSE ADOPTED IN TAX...

Capitol Hill Press Releases;  November 18, 2005 ;     499 words ......Levin-Coleman Amendment to Clamp Down on Tax Shelter Abuse Adopted in Tax Reconciliation...middle class," Levin said. "Current tax shelter penalties are a joke. A $10,000 fine...the solution is harsher penalties for tax shelter promoters, and I want to thank Sen...

The Tax Shelter Disclosure Act: the next battle in the tax shelter war.

Virginia Tax Review;  June 22, 2002 ;     700+ words ......The draft legislation, cited as the Tax Shelter Disclosure Act (draft TSDA), (2) would...draft TSDA define what constitutes a tax shelter (3) and raise the penalties associated...commentary so as to solve the abusive tax shelter problem without creating an unworkable...