Syndicated Conservation Easements: Under New Fire as IRS Enforcement Action Increases

By Michelle Ferreira, Barbara T. Kaplan & Jennifer A. Vincent

November 14, 2019

While the IRS has been cracking down on syndicated conservation easements for over ten years, earlier this year Chuck Rettig, the Commissioner of the IRS, announced several campaign areas upon which the IRS would heighten focus in the coming year. Following through on this promise, on Nov. 12, 2019, the IRS announced a significant increase in enforcement actions for syndicated conservation easements in Issue Number IR-2019-182. This GT Alert explains what a syndicated conservation…

Legacy Advisors

Now Is the Time to Consider Voluntary Disclosure: Advancement of the IRS Campaign on Withholding Tax Noncompliance for Forms 1042, 1042-S

By Michelle Ferreira & Jennifer A. Vincent

June 19, 2019

Campaign for Compliance Last year the IRS announced a new campaign to target “Withholding and International Individual Compliance” regarding Forms 1042 and 1042-S. Those who make payments of certain U.S.-source income to foreign persons must comply with withholding, deposit, and reporting requirements. The IRS campaign promised to address “withholding agents who make such payments but do not meet all their compliance duties.” In accordance with this promise, the IRS initiated the campaign, uncovering several thousand…

Jennifer A. Vincent

Syndicated Conservation Easements: Under New Fire as IRS Enforcement Action Increases

Now Is the Time to Consider Voluntary Disclosure: Advancement of the IRS Campaign on Withholding Tax Noncompliance for Forms 1042, 1042-S

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