The Captive and Conservation Easement environment

The Captive and Conservation Easement environment The decision in Syzygy and the announcement of the LB&I TP campaign for captive services, taken together with other developments, evidence a trend of substantial increased scrutiny of captive insurance companies by the IRS and disapproval of certain captive insurance arrangements. This movement is further strengthened by the designation by the IRS of certain Section 831(b) captives as a 'dirty dozen' tax scam and the Tax Court decisions as noted above. Syndicated Conservation Easement the IRS has developed a comprehensive, coordinated enforcement strategy to address abusive syndicated conservation easement transactions, and has been working closely with the U.S. Justice Department to shut down the promotion of them. The IRS stated that it will continue to disallow the claimed tax benefits, asserting civil penalties to the fullest extent, considering criminal sanctions in appropriate cases, and continuing to pursue litigation of the cases that are not otherwise resolved administratively. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. As an expert witness, Lance's side has never lost a lawsuit. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com