Tax Shelters

WASHINGTON (CN) - Tired of wasting resources following the labyrinthine partnership structures of tax avoidance shell corporations, the IRS plans to publish a list of transactions frequently carried out by S corporations and other tax shelters, whose commission would require the Internal Revenue Service to assess taxes at the individual partner level instead of at the partnership level.

Click the document icon on the front page for details and links to the regulations. The document icon under the "Contractor Incentives, Rolls Royce & More" heading leads to other new regulations.

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