IRS Gets Upper Hand in Fight Against Tax Shelters

Many companies have used tax shelters known as Lease In Lease Out (LILO) and Sale In Lease Out (SILO) to claim deductions. A string of recent court decisions are being seen as a major victory for the Internal Revenue Service in its fight to outlaw the use of such tax shelter. The IRS designated . . . → Read More: IRS Gets Upper Hand in Fight Against Tax Shelters