potentially abusive situation
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1274 — for purposes of this section (8 versions over time)
For purposes of subparagraph (A), the term “potentially abusive situation” means—
(i) a tax shelter (as defined in section 6662(d)(2)(C)(ii)), and
(ii) any other situation which, by reason of—
(I) recent sales transactions,
(II) nonrecourse financing,
(III) financing with a term in excess of the economic life of the property, or
(IV) other circumstances,