google bot detected Abusive Tax Shelter | Insurance Glossary | Realestateagent.com

Abusive Tax Shelter


Definition of "Abusive tax shelter"

Jane Bartlett
  RE/MAX Complete

The Internal Revenue Service considers overstating expenses, such as depreciation, or other illegal write-offs by real estate owners abusive tax shelters. If the write-offs are disallowed, the taxpayer must pay back taxes, interest, and penalties.



Related Real Estate Glossary terms

Related Real Estate FAQ