Seduction, Money and Tax New Court Decision: Sensible but Unsettling

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In the still smoldering wreckage of the charitable donation tax shelters a new case has surfaced, which dealt with the involvement of some of the planners. Interestingly the case does not attack the individuals for their role as planners but rather for their own participation in an individualized version of the tax shelter they later peddled to others. And in this interesting reversal of the cobbler’s children phenomenon the individuals donated millions of dollars through the scheme rather than the tens of thousands that seemed…

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