KPMG-Backed Tax Shelter Funds Can't Deduct Losses, Costs

By Eric Kroh (December 22, 2014, 3:17 PM EST) -- A California federal judge on Friday granted summary judgment to the U.S., finding that tax shelter funds promoted by KPMG LLP should not be allowed tax deductions for losses and expenses associated with the transactions because they were integral to the scheme....

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