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Conservation Easement Reform – 250% Is Too Much

Conservation Easement Reform – 250% Is Too Much

This has been a big month in the struggle against abusive syndicated conservation easements. There were three Tax Court decisions disallowing over $30 Million in deductions. And now we have the IRS updated report that comes largely from the filings required by its...

If Spouse Is Behind Bars Think Before Filing Jointly

Photo Credit Michael Coghlan Originally published on Forbes.com. Filing a joint return usually produces a lower tax than filing two separate returns. There is a disadvantage though – joint and several liability. Regardless of which half of the couple generated...
Response To Deconstruction Deduction Post

Response To Deconstruction Deduction Post

A piece on a Tax Court decision concerning the deduction for used building material on the deconstruction, as opposed to the demolition of a building, has elicited quite a response.  The original piece was published on Forbes.com here and republished on this site...
IRS Conducts Examination Without Coordination Or Clarity

IRS Conducts Examination Without Coordination Or Clarity

A Tax Court decision last week gives a clear demonstration of the sad state of IRS compliance efforts and a clever though fruitless argument by the taxpayer. The taxpayer was a physician, so I will refer to him as “the doctor”. You can get his actual name from the...

War On Easement Deductions- $30 Million Denied In Three Cases

Originally published on Forbes.com. Last week was a big week for disallowing conservation easement deductions in the Tax Court with two big-dollar decisions coming out. We already covered Nathaniel and Stella Carter, which leaves Railroad Holdings LLC for today and...

Tax Court Denies Millions In Easement Deductions

The Tax Court gave a one-two punch to conservation easement deductions with its decisions in the case of Nathaniel and Stella Carter on February 3rd and Railroad Holdings LLC on February 5th. Judge Halpern had the Carters and Judge Gustafson was working on Railroad...