The IRS Challenges Tax Deductions for Facade Conservation Easements

The IRS Challenges Tax Deductions for Facade Conservation Easements

Conservation easements preserve ecosystems, open spaces, and appearances. Almost all states have legislation allowing a landowner to donate or sell described developmental rights to entities such as land trusts or government. When donated, a taxpayer may seek a charitable tax deduction. Three June 2014 court decisions illustrate successful IRS [...]