About Tax Shelters


As a retired IRS large case branch chief, I read with great interest the comments on corporate tax shelter abuse (“Lifson Testifies on Tax Shelters,” JofA Jan.00, page 81) .

I was involved in a related case that was upheld by the Supreme Court as a definite tax shelter. Eight major corporations were involved to the tune of $4.5 billion.

I believe there are many more such abuses being tried by large corporations with major brokerage houses as the creators. Therefore, Fortune 500 companies and promoters should be required to make disclosures.

Bob Selinger, CPA
East Brunswick, New Jersey


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.