a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com Abusive Tax Shelter -- An investment made for the purpose of evading taxes, typically one that blows up the value of purchased property beyond the reasonable market value. Such a transaction (e.g. limited partnerships) infringes the law and the Internal Revenue Service may rule that illegal tax benefits are being claimed. In such an event, the investors are liable to harsh penalties and interest charges, besides payment of tax arrears. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.