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TIPRA

   Also found in: Wikipedia 0.04 sec.
AcronymDefinition
TIPRATax Increase Prevention and Reconciliation Act of 2005 (Federal Tax Legislation)


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Prior to TIPRA, a common strategy was to invest in instruments that generate low (or no) income, such as growth stocks or savings bonds.
TIPRA also made extensive changes to the IRS' offer in compromise program.
Without sufficient safe harbors, the TIPRA amendment will increase the complexity of calculating the section 199 deduction.
 
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