Tax Shelter Law & Legal Advice

Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws. In North America, a tax shelter is generally defined as any method that recovers more than $1 in tax for every $1 spent, within 4 years. However some tax shelters have been classified as “abusive” and are considered illegal by tax authorities. If you have been a victim of abusive tax shelters, you need tax shelter law legal advice.

You may be a victim abusive tax shelter transactions including fraud, misrepresentation, and professional negligence of the law firms and accounting firms involved. The IRS has highlighted a number of tax shelters as being abusive or illegal and is seeking immediate withdrawal of the abusive tax shelters in a move to recoup all of the owed back taxes plus large amounts in interest and penalties. If you feel you have been victim of an illegal tax shelter, you need tax shelter law legal advice.

The IRS is on your side when it comes to illegal tax shelters and has identified millions of tax payers that have been affected by illegal tax shelter transactions via the records of law firms involved in tax shelter abuse. Our tax shelter attorneys will fight to recover damages for their clients that have or could in the future, suffer damages as a result of abusive tax shelters. They understand the law and will work with the IRS to give you the best tax shelter legal advice and save you from the fallout of illegal tax shelters.

According to federal tax authorities including the IRS none of the transactions classified as abusive tax shelters comply with federal or state income tax laws. The IRS can tell us who participated in these tax shelters and they are fighting to get their money! Federal courts can enforce court summons demanding that clients of illegal tax shelters appear in court to explain their involvement. We will stop it getting that far by providing you the most accurate and effective tax shelter legal advice.

While it is not your fault, the taxes you owe the IRS and the penalties that have accrued as a result of an illegal tax shelter are still your problem. The United States Department of Justice has stated its unwavering support of the IRS in helping to obtain the details of all people involved – including you – with illegal tax shelters. If you are concerned that this applies to you, it is absolutely vital that you contact one of our sax shelter attorneys today!