On May 13, the IRS announced yet another opportunity for taxpayers involved in conservation easement disputes to settle their case. A day later, Treasury Assistant Secretary for Tax Policy and Acting IRS Chief Counsel Ken Kies elaborated on the settlement offer and previewed forthcoming initiatives.
Latest Conservation Easement Settlement Offer
Kies, speaking on May 14 at a Tax Council Policy Institute event, described efforts to identify improper conservation easements as a bipartisan matter. He highlighted the Senate Finance Committee’s 2020 bipartisan report on abusive syndicated conservation-easement transactions.
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