Business: What Is Left in Tax Shelters

Some remain, though many have been blown away by a new law

Oh, a storm is

threatening

my life today,

If I don't get some

shelter, oh

yeah,

I'm gonna fade

away.

Those mournful lyrics from the Rolling Stones' rock classic Gimme Shelter touched a generation of troubled youngsters in the late 1960s. Today the lines might serve as a lament for affluent investors who are watching some of their tax shelters being blown away. The winds of change are coming from the Internal Revenue Service and Congress, which greatly restricted tax avoidance schemes in the Tax Reform Act...

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