What does ABTS stand for?

Abusive Tax Shelter

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

Mathew purchased a type of life insurance policy for his employees in 2002 that was later added to the IRS list of abusive tax shelters.

Lawmakers want IRS to suspend tax shelter penalty

He addresses abusive tax shelters and internal control weaknesses for electronic tax filing.

The Sex of a Hippopotamus: A Unique History of Taxes and Accounting

In cases involving abusive tax shelter transactions marketed to both business and individual taxpayers, tax practitioners have been severely punished for promoting and selling the transaction and for preparing fraudulent returns based on the transactions.

CPAs at risk as government continues to attack abusive tax shelters

Purcell highlighted the benefits of tax simplification in his testimony stressing that it "will improve future filing seasons through a reduction in tax return errors and taxpayer susceptibility to abusive tax shelters.

No significant problems arise during 2006 tax filing season, AICPA ...

The initiative, which runs through January 23, 2006, allows taxpayers who have taken part in a variety of abusive tax shelters and transactions to come forward and avoid substantial penalties.

IRS preparing new campaign against cheats

More specifically, the regulations cover written advice on matters, such as abusive tax shelter transactions and entities or arrangements created for the principal purpose of avoiding or evading taxes.

Succession planning issue for practitioners ... by practitioners

And he said the crackdown on abusive tax shelters would have scared away rich individuals and corporations from locating in Oregon.

House axes tax shelter crackdown

Compliance with Sarbanes-Oxley Act (SOX) requirements is delaying the release of annual reports of hundreds of public companies, boosting costs, and curbing abusive tax shelters, according to recent news reports.

SOX: delaying reports, boosting costs, curbing shelters