Today the IRS issued a press release announcing that it is significantly increasing enforcement actions for syndicated conservation easement donations and that these transactions are a priority compliance area for the agency. In the press release, the IRS stated that examinations of conservation easement donations are being coordinated across the agency. The IRS also announced that investigations relating to conservation easement deductions had been initiated by the IRS Criminal Investigation Division. Currently, there are more than 80 conservation easement cases pending in Tax Court, and the IRS outlined its commitment to bringing more cases to Tax Court where it believes the deduction should be disallowed.
Today the IRS issued a press release announcing that it is significantly increasing enforcement actions for syndicated conservation easement donations and that these transactions are a priority compliance area for the agency. In the press release, the IRS stated that examinations of conservation easement donations are being coordinated across the agency. The IRS also announced that investigations relating to conservation easement deductions had been initiated by the IRS Criminal Investigation Division. Currently, there are more than 80 conservation easement cases pending in Tax Court, and the IRS outlined its commitment to bringing more cases to Tax Court where it believes the deduction should be disallowed.
ReplyDelete