by admin | Sep 25, 2021 | Tax
The tax legislation floating around the House Ways and Means Committee that doesn’t seem to have a name includes a provision that supporters of conservation easement deductions have either longed for or dreaded. The Partnership for Conservation (P4C), the trade...
by admin | Sep 17, 2021 | Tax
The IRS fights its battle against abusive syndicated conservation easements in actual courts side by side with the Department of Justice (DOJ). IRS and DOJ also fight the battle in the metaphorical court of public opinion with press releases and comments by...
by admin | Sep 11, 2021 | Tax
The IRS Chief Counsel has signaled with CCA 202130014 that the Service will be continuing its hard line on conservation easements. The engine of every abusive syndicated conservation easement is a vastly inflated appraisal. Rather than focus on the appraisal issue,...
by admin | Sep 2, 2021 | Tax
Recently I was puzzling about how it could be that the Tax Court had by mid-August received more petitions than it had in total in each of the past three years. Had I not had the good fortune to retire from active practice in 2018, I might have known. There is a good...
by admin | Aug 24, 2021 | Tax
The Tax Court decision in the case of the Estate of Michael Jackson is a rare combination. The celebrity nature of the case broke it out of the tax ghetto of the blogosphere, which doesn’t happen every day. And within the tax world it sets a sort of precedent...
by admin | Aug 17, 2021 | Tax
Karin Slaughter’s recently released latest novel False Witness focuses on a lawyer in a prestigious Atlanta firm gearing up for a criminal trial. Coincidentally we have this week the outcome of her own legal drama, which likely only excites the tax blogosphere. ...
