Tax Shelter

This article considers newly issued proposed regulations under section 6694 of the Internal Revenue Code, which imposes tax return preparer penalties. The article discusses new rules and differences from existing authority concerning such…

The Small Business and Work Opportunity Tax Act of 2007 (the "Act"), which was contained in the Iraq Appropriations Act and was signed by the president May 25, 2007, made substantial changes in the standards applicable under Section 6694(a)…

When a client owns a "tax-sheltered" investment, the practitioner must deal with a number of tax and practical problems in planning and administering the estate. Several authorities consider the correct tax treatment of such investments to…