Conservation easements and Captive insurance, here comes the IRS With the increased reporting requirements, IRS audits of conservation easement transactions have greatly increased. Instead of working collaboratively with taxpayers to seek a reasonable resolution, Revenue Agents are being directed to disallow tax deductions no matter what. With a high percentage of cases headed to litigation, taxpayers need to take every step to protect themselves now. Contact the office of Lance Wallach 516-236-8440 wallachinc@gmail.com
The IRS is increasing it enforcement actions for syndicated conservation easement transactions. This includes more coordinated examinations across IRS divisions, as well as more criminal investigations. The IRS believes that these audits and investigations may cover billions of dollars of potentially inflated charitable contribution deductions for qualified conservation easements made through partnerships and limited liability companies (LLCs).Google Lance Wallach and your advisor, who do you trust.
The IRS is increasing it enforcement actions for syndicated conservation easement transactions. This includes more coordinated examinations across IRS divisions, as well as more criminal investigations. The IRS believes that these audits and investigations may cover billions of dollars of potentially inflated charitable contribution deductions for qualified conservation easements made through partnerships and limited liability companies (LLCs).Google Lance Wallach and your advisor, who do you trust.
Lance Wallach easement audits Abusive tax shelters, 419, section 79, 412i micro captive insurance, VEBA, expert witness, author, speaker Certain land donation deals that get hefty tax deductions will be under tighter scrutiny from Internal Revenue Service auditors, the agency said Tuesday. The IRS announced a “significant increase” in audits and potential criminal prosecutions for taxpayers and their advisers involved in land donation deals known as syndicated conservation easements, where multiple people can claim tax deductions for donations of land that is protected from future development. The IRS is concerned about cases where the tax breaks exceed that value of the initial contribution. Google Lance Wallach and whoever sold you this high risk audit easement. Who do YOU trust. Get help NOW as the IRS is coming.
IN southwest Wisconsin the formula that works is massive reduction in deer populations, suppression of invasive and start burning again: the young oaks do fine.
