Fourth Class Action Suit Against Syndicated Conservation Easement Promoters
The whole SCE industry is based on a theory that I find preposterous, but I believe many people seriously embrace. The theory is that when property is being valued for conservation easement purposes, due to the perpetuity, the valuation is somehow dethatched from the current market for similar property. The emphasis on highest and best use ends up being fantastical. The market for undeveloped land is imperfect, but it is not filled with stupid people.
Conservation Appraisers Strike Back At IRS With Class Action Suit
The complaint was filed in the US District Court for the Northern District of Georgia. The most mysterious defendant is the IRS employee known as “Campaign Executive Champion” (CEC) of the “Conservation Tax Force” (CTF). If those named IRS agents are like the Avengers, then CEC is Nick Fury.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.