Lease-In/Lease-Out & Sale-In/Sale-Out Tax Shelters Rejected
On July 10, 2009, the Department of Justice issued a press release regarding the verdict in a Federal Court case regarding lease-in, lease-out (LILO), and sale-in, lease-out (SILO) tax shelters. The case involved a tax refund claim filed by Altria Group, Inc. Altria Group claimed the tax refund based on the purported tax shelter characteristics […]