The IRS has been developing policies to attack a variety of tax shelters including the contingent liability shelter, in which a high-basis asset is transferred to a new corporation in exchange for ...

The Internal Revenue Service has asked nonprofit groups and others to comment on how the agency should enforce a law Congress passed last month to impose steep fines on charities, churches, and other ...

Getting your Trinity Audio player ready... A Colorado dentist was sentenced to 41 months in prison on Tuesday for tax evasion related to the use of an illegal tax shelter, according to a Wednesday ...

In another loss for the IRS in its fight against tax shelters, a district court sustained allocations of income to a foreign partner that did not pay U.S. taxes, thereby allowing the partnership to ...

A Florida financial advisor has been hit with the full force of the law after pleading guilty to running a nearly decade-long scheme that involved promoting a fraudulent tax shelter and stealing more ...

WASHINGTON, Aug 11 (Reuters) - A sharp tool in the U.S. government's fight against corporate tax shelters will be put to the test in the months ahead as the Internal Revenue Service grapples with four ...

Former Chief Executive Officer of Quellos Group L.L.C., Jeffrey I. Greenstein, 48, of Mercer Island, pleaded guilty this afternoon to Conspiracy to Defraud the United States, and aiding and assisting ...