8th Circ. Won't Revive Spiked $16M Easement Deduction
By Bryan Koenig ( June 26, 2017, 6:03 PM EDT) -- A Missouri golf-course-owning partnership still can't claim a $16.4 million IRS deduction for donating course land for conservation purposes after an Eighth Circuit panel sided with a U.S. Tax Court judge Monday in a published opinion agreeing that existing bank loans compromised the donation's status as "in perpetuity."...
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