WASHINGTON -- Some of the country's biggest corporations used shelters and investment incentives to pay little or no state income taxes from 2001 through 2003, private groups reported Wednesday.

In the traditional sense, a tax shelter is simply a method that a taxpayer uses to generate tax deductions and credits by participating in certain “investment activities” that often are not expected ...

The sunny shores of the Cayman Islands may be a far cry from Columbus — more than 1,400 miles to be exact — but billions of dollars from Ohio nonprofits flow into the Caribbean and other tax havens ...

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 ...

WASHINGTON -- The Treasury Department announced new rules Thursday designed to help the government crack down on dubious tax shelters. The rules, which take effect today, lay out circumstances under ...

It’s not just multinational corporations looking to shelter cash. Individuals are stashing anywhere from $8.7 trillion to $36 ...

In response to concern that tax-exempt organizations are being used as illegal tax shelters, an Internal Revenue Service advisory committee has recommended the creation of two new offices to tackle ...

When people think of tax shelters, they sometimes think of Swiss bank accounts, shady overseas investments, or fraudulent or questionable activities by wealthy but unscrupulous businessmen. That is an ...

When it’s time to settle with Uncle Sam, don’t overlook IRS-approved tax shelters that might lower your bill to the government. A good and legal tax shelter is a way for a taxpayer to protect income ...

In November 2001, Daniel E. Berce's private banker offered him a way to avoid $3 million in taxes he owed after cashing in a large block of stock options. Berce had good reason to trust the ...

NEW YORK (Reuters) - Two former executives of KPMG accounting firm have asked a judge presiding over their closely watched tax shelter trial to dismiss the charges or declare a mistrial, according to ...

We left the story of Florida tax shelter promoter Michael L. Meyer last August with my article, The Ultimate Tax Plan Of Donations Of LLC Interests To Charity Leads To The Indictment Of Michael Meyer ...