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SENATE FINANCE HEARINGS TO SPOTLIGHT TAX SHELTERS
October 20, 2003
It's seems like just yesterday when Congress was roasting the IRS for abusing taxpayers. Times change. Starting tomorrow, the Senate Finance Committee will hold hearings on taxpayers beating up the IRS with tax shelters.
According to The New York Times (registration required), the hearings will put the heat on the tax shelter industry, which is reputed to have cost the government $14 billion or more in 2000.
The hearings will feature a witness appearing behind a screen with his voice altered. It's understandable; it would be embarrassing to be linked to many of the shelters out there.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
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