CORPORATE TAX SHELTERS: ARE THE RISKS WORTH THE HYPE?
The majority of tax shelters are in full compliance with the tax laws, but an increasing number of these shelters have crossed the boundaries whereas they are being viewed as illegal, abusive tax shelters. So what’s the difference between a true business loss and a tax shelter loss? The substance of the event that gives […]
Changes to the Streamlined Procedures in the Offing?
In an article that appeared on Tax Connections last week entitled, “Changes To the Streamlined Version of OVDP To Be Announced Soon?,” author Ronald Marini, Esq. foreshadows several changes to the streamlined version of the Offshore Voluntary Disclosure Program. For those cynics who said, “I knew it! It was just a matter of time before […]