Two Senate Finance Committee members applauded the IRS’ recent settlement offer to taxpayers involved in syndicated conservation easement cases but said the agency must maintain its “enforcement posture” on these abusive arrangements.
In a May 28 letter, Senators Chuck Grassley (R-IA) and Steve Daines (R-MT) told Treasury Secretary Scott Bessent that his “dedication to preserving the integrity of the conservation-easement deduction is appreciated.”
Grassley reiterated this praise days later when Bessent appeared before the Senate Finance Committee. However, the senator also urged Bessent to stay the course. “I think the department is doing the right thing, but I think you’re getting pressure to change,” Grassley told Bessent during the June 3 hearing.
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