Of the many different kinds of tax shelter investments that are available to high bracket taxpayers, the most commonly encountered device is the real estate tax shelter. This article describes the way a tax shelter operates, from both a business-economic and a tax viewpoint, and examines the real estate tax shelter from the standpoint of possible tax reform to correct the abuses that stem from real estate syndications.
Farrell C. Glasser,
Gimme Shelter: Reform of Real Estate Tax Shelters,
U. Mich. J. L. Reform
Available at: https://repository.law.umich.edu/mjlr/vol7/iss2/2