An abusive tax shelter is simply a way to keep money from being taxed.

Transactions for those abusive shelters typically have a paper trail.

Any bill that is passed should target the abusive tax shelters used by some companies to avoid paying taxes.

The government issued new rules today to discourage abusive corporate tax shelters.

Artificial losses, which have no economic substance, are one sign of an abusive tax shelter.

He has been cited by the government as a leading promoter of abusive tax shelters.

It is grounded in general agreement that abusive tax shelters cost the government billions of dollars each year.

The idea is to make penalties big enough that those contemplating getting involved in abusive shelters think twice.

For questions on abusive tax shelters or other tax matters call (800) 829-1040.

"The largest focus we have is on tax abuse, abusive tax shelters, that sort of thing."