An Unwelcome Gift From The IRS On Conservation Easements
David Wooldridge As taxpayers settled into the holidays on December 23, the IRS slipped an unwelcomed present under the tree. Among the growing number of 11th-hour edicts by the outgoing administration, Notice 2017-10 declared some conservation easement donations to be “listed transactions,” giving a chill to many year-end donations. No doubt the chilling effect of Notice 2017-10 was intended by the IRS to discourage a popular type of conservation easement donation.
The deduction for donating conservation easements is an innovative conservation funding mechanism and...
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