TaxNotes – Andrew Blair–Stanek, Nils Holzenberger, Benjamin Van Durme: Shelter Check: Proactively Finding Tax Minimization Strategies via AI (December 27, 2022)

Andrew Blair-Stanek, Nils Holzenberger, Benjamin Van Durme have published an article on Tax Notes, titled “Shelter Check: Proactively Finding Tax Minimization Strategies via AI.” The article begins as follows:

In Peracchi,1 the Ninth Circuit addressed what basis a taxpayer had in a note in which he was the debtor. At the end of the opinion, the court did something unusual but wise, saying, “We take a final look at the result to make sure we have not placed our stamp of approval on some sort of exotic tax shelter.”2 Yet the court had neither the tax expertise nor the resources to fully consider whether its holding would enable future tax shelters. The court’s tax shelter analysis took just two paragraphs, covering only a few possible scenarios.

Click here to see the full article: “Shelter Check: Proactively Finding Tax Minimization Strategies via AI”

Posted by Melissa Zheng, Associate Editor, Wealth Strategies Journal.