Topic
Conservation Easements
399 published works
Wills, Trusts & Estates Prof Blog
IRS Eases Up on Conservation Easement Crackdown
The IRS could be looking to loosen recent restrictions on conservation easement tax breaks that were imposed by the Obama Administration. At the end of December 2016, the IRS issued…
Tax Trials
IRS Extends Disclosure Deadline for Syndicated Conservation Easement Participants
By Tax Trials
On April 27, 2017, the IRS issued Notice 2017-29 which extended the deadline for disclosing certain participation in syndicated conservation easements. On December 23, 2016, the IRS announced disclosure requirements…
Nonprofit Law Prof Blog
McLaughlin: Conservation Easements and the Valuation Conundrum
The final version of Conservation Easements and the Valuation Conundrum, 19 Florida Tax Review 225 (2016), written by Nancy McLaughlin (Utah) is now available. Here is the abstract:For more than…
Land Use Prof Blog
A new conservation easement case from Maine’s highest court is a lesson in statutory interpretation.
ESTATE OF MERRILL P. ROBBINS v. CHEBEAGUE & CUMBERLAND LAND TRUST (Sup. Judicial Ct. Maine Jan. 26, 2017), 2017 WL 370891A controversy over the development of land encumbered with a…
E2 Law Blog
Investors in Many Syndicated Conservation Easement Deals Must Notify the IRS
By Barbara T. Kaplan, Marvin A. Kirsner
The IRS has designated certain syndicated conservation easement transactions as “listed transactions.” This will require taxpayers who have invested in such transactions to file a notice with the IRS. It…
Tax
Conservation Easements: Here We Go Again
IRS is ramping up enforcement efforts again for donations of conservation easements and taxpayers are continuing to litigate cases involving donations of conservation easements. In one week, we have an…
Law on Purpose
IRS Updates Conservation Easement Audit Techniques Guide
On November 4, 2016, the IRS updated its Conservation Easement Audit Techniques Guide (CE Audit Guide) for the first time since March 15, 2012. According to the IRS’s introduction on…
Nonprofit Law Prof Blog
PBBM-Rose Hill v. Comm’r—Deduction for Golf Course Conservation Easement Donation Denied
In, PBBM-Rose Hill v. Commissioner, Bench Op. (Oct. 7, 2016), the Tax Court sustained the IRS’s disallowance of a $15,160,000 deduction that a partnership claimed with regard to the donation…
Agricultural Law and Taxation Blog
Permanent Conservation Easement Donation Opportunities and Perils
The donation of a permanent conservation easement on farm or ranch land can provide a significant tax benefit to the donor. The rules are complex and must be carefully complied…
Law on Purpose
Lurching Towards Perpetuity
By Bill Hutton
The Tax Court, in a case of first impression, has recently ventured into the perpetuity minefield. One Dr. Douglas Carroll and spouse Deirdre Smith, of Baltimore, Maryland, conveyed a conservation…