• IRS Wins on Inventory Issue in Three Conservation Easement Cases

  • May 15 2024
  • Duración: 53 m
  • Podcast

IRS Wins on Inventory Issue in Three Conservation Easement Cases  Por  arte de portada

IRS Wins on Inventory Issue in Three Conservation Easement Cases

  • Resumen

  • In its effort to win conservation easement cases, the IRS has trotted out lots of different arguments over the years. Some were rejected by the Tax Court upon arrival, others gradually disappeared as taxpayers improved pre-donation documentation to avoid “technical” flaws, and a few still exist. One of the lingering challenges centers on the character of the property on which an easement is placed. This argument has been dubbed the “inventory issue,” and the IRS is now raising it frequently. These efforts have resulted in three recent Tax Court victories for the IRS. This article examines concepts in easement disputes, key participants, legal support for the “inventory issue,” and three pivotal cases thus far.

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