Judson Mallory (left) and Jason Wiggam of Wiggam Law. (Courtesy photos) Navigating the Current State of Syndicated Conservation Easements: A Guide for Investors
Engaging independent legal counsel, considering Section 6603 deposits and addressing potential Georgia tax liabilities through the Voluntary Disclosure Program are crucial steps in mitigating risks and securing favorable outcomes.
September 04, 2024 at 06:36 PM
7 minute read
Commentary
Syndicated conservation easements (SCEs) have been under intense scrutiny by the Internal Revenue Service (IRS) for several years. These transactions, which involve groups of investors pooling resources to place a conservation easement on a property in exchange for a charitable tax deduction, have come under fire for potential abuses. The IRS has responded with a robust enforcement campaign aimed at disallowing these deductions in full and imposing significant penalties.
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