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Should You Invest In A Syndicated Conservation Easement ?

As somebody who believes that the syndicated conservation easements (SCE) constitute an industry based on nonsense, I want to be able to tell you that if you are offered the chance to participate in one, you absolutely should not. I can’t really do that though. ...
IRS Successfully Attacks Tax Shelter With Hobby Loss Rule

IRS Successfully Attacks Tax Shelter With Hobby Loss Rule

Tenth Circuit upholding the Tax Court’s ruling in the case of Preston Olsen may signal the revival of a once successful IRS technique for attacking tax shelters.  Code Section 183 – Activities not engaged in for profit – is commonly rereferred to as...
Conservation Easement Syndicates Outlawyering IRS

Conservation Easement Syndicates Outlawyering IRS

The full Tax Court in one of its regular decisions (Green Valley Investors LLC) has dealt a blow against the IRS in its struggle with abusive syndicated conservation easements.  A key IRS move in the fight was Notice 2017-10 which made certain syndicated conservation...