https://www.cnetscandal.com/search/label/Times%20of%20Terror/

When a Popular Tax Shelter Springs a Leak

When a Popular Tax Shelter Springs a Leak

"Only the little people pay taxes," said Leona Helmsley. But not always: Just ask billionaire Philip Anschutz, who got a tax bill for about $150 million when he lost a closely watched Tax Court case on July 22 involving a popular technique. It is another reminder of how risky tax shelters can be.
At issue in the case, Anschutz Company v. Commissioner, were complex hedging transactions intended to diversify a concentrated stock position without triggering capital-gains taxes. A spokesman says the company will "vigorously...

Share:

No comments:

Contra Costa Flaws

Popular Posts

Blog Archive

Ad Home

Follow Us

No one has ever become poor by giving, Please Donate

Flickr Images

Featured

javascript:void(0)
Powered by Blogger.

Comments

Search This Blog

Find Us On Facebook

Random Posts

Recent Posts

Header Ads

BlogRoll

Labels

Blog Archive

Labels

Popular Posts

Recent Posts

Unordered List

  • Lorem ipsum dolor sit amet, consectetuer adipiscing elit.
  • Aliquam tincidunt mauris eu risus.
  • Vestibulum auctor dapibus neque.