“How to Get Your Easement Audit-Ready,” Tax Notes Federal
In an article published on February 3, 2020 in Tax Notes Federal, Atlanta-based Shareholder John Hackney explains why and how taxpayers should prepare to fight for their charitable conservation deductions.
The IRS recently announced that it will be increasing its enforcement efforts on syndicated conservation easements and coordinating that enforcement across multiple divisions. This increased enforcement leaves taxpayers still interested in easement deductions.
“Those same taxpayers can be assured the IRS will review their donations and potentially impose penalties,” explains Hackney. “Because of this increased scrutiny, taxpayers (and their advisers) need to be ready to fight for every penny of their deductions.”
Subscribers to Tax Notes Federal may access the full article here.