If a donor substitutes the safe-harbor deed language for the corresponding language in the original eligible easement deed, and the amended deed is signed by the donor and donee and recorded on or ...

The enactment of the new conservation easement law adds further restrictions to an area of the tax law that was already rife with potential pitfalls. But on the positive side, the new IRS safe ...

"Granting a conservation easement means the development rights for the land have been transferred, by a deed, to an organization qualified under Section 501 (c) (3) of the Internal Revenue Code, such ...

The Internal Revenue Service and the Treasury Department issued a notice Monday offering a safe harbor for the deed language in charitable conservation easements. The safe harbor in Notice 2023-30 ...

As part of this process, the return preparer also prepares the Schedules K-1 for each customer/LLC member on which the customer’s share of the conservation easement deduction is reported.

Information about the Law Professor Blogs Network.Overview The donation of a permanent conservation easement on farm or ranch land can provide a significant tax benefit to the donor. The donor can ...

Development of conservation easements slowed down because of the coronavirus pandemic, but interest is rebounding. The Fetterman conservation easement is the first one completed by MLC since 2021.

In a recent Tax Court case, Valley Park Ranch, LLC v. Commissioner, 162 T.C. No. 6 (2024), the taxpayer had conveyed a conservation easement over land in Oklahoma. The easement deed had provided ...

In December 2016, Valley Park Ranch, LLC of Oklahoma donated a conservation easement and claimed a $14.8 million charitable contribution deduction under I.R.C. § 170 (a).

The easement prohibits the city-owned 15-acre landmass from ever being developed, and its approval allows the city to recoup ...

Summary: In September 2016 Dolomite Holdings 251, LLC (Dolomite), acquired a 723-acre tract of land in Virginia. On November 28, 2017, Dolomite ...

LEHI — Lehi is celebrating a conservation easement it made with Draper in preserving 900 acres of open space in Traverse Mountain. A ribbon cutting ceremony by Lehi Mayor Mark Johnson will be 10 ...