Lessons from tax court's nixing of investor's energy credits

The U.S. Tax Court just published a decision addressing the first of 200 cases involving individual taxpayers that invested in a tax shelter scheme involving lenses intended for concentrated solar projects: Preston and Elizabeth Olsen v. Commissioner of Internal Revenue.

The opinion is effectively a case study in how not to structure an investment in solar equipment, particularly an investment by an individual.

Read the article in its entirety written by David Burton.