The ABA Center for Continuing Legal Education is sponsoring a teleconference on January 23, 2007 entitled Expand Your Estate and Tax Planning Practice–Conservation Easements and the Pension Protection Act of 2006.

Here is the description of this program:

Conservation easements have long been a powerful but overlooked tool that virtually all estate planners can use to expand their practice and better serve clients.

With a significant deduction increase for the donation of conservation easements after the Pension Protection Act of 2006, now is the perfect time for estate planners to take advantage of the enhanced planning opportunities.

During this live audio webcast and teleconference, our experts will examine the income, gift and estate tax implications for taxpayers who grant a conservation easement or similar restriction on real property.

After listening to this program and reviewing the accompanying course materials, you will be able to:

Advise clients on the tax benefits of donations of conservation easements

Explain the modified provisions of Internal Revenue Code §170(h) , including the elevated deduction limitations of 50% to 100% and the 15 year carryforward period

Discuss the impact of new appraisal penalties

Describe new enforcement initiatives that result from increased Internal Revenue Service scrutiny of conservation easements

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