Your client, Rhonda Russey, recently came across the word “tax shelter” She calls you and asks, “What is a tax shelter? Is this where homeless accountants live?”
Use the internet to do your research and write a one-page memo to Rhonda answering her question, perhaps with the use of a simple example.
As part of your answer, cover some of the judicial doctrines that limit the ability of taxpayers to use abusive tax shelters.
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