New York (March 26, 2003) - The American Institute of CPAs is increasing its efforts to clarify what defines a tax shelter and how CPAs should handle them.

The Institute has created a FAQ site [www.aicpa.org/members/div/tax/shelters_qa.asp] to help practitioners understand tax shelter issues and the Institute’s views on them. The site also helps describes how the AICPA is working to eliminate abusive transactions and clarifies its definition of an "abusive tax shelter." The AICPA plans to add to it over time on an as-needed basis.

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