Tax Planning With Conservation Easements

Structuring Deals After Historic Boardwalk Hall and Other IRS Challenges; Pairing With Other Tax Credits

Recording of a 110-minute CLE/CPE webinar with Q&A


Conducted on Thursday, March 7, 2013

Recorded event now available

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Program Materials

This teleconference will explain the tax advantages and potential tax treatment of conservation easements. The panel will discuss recent case law developments, how to structure easements to avoid IRS challenges, and how to pair conservation easements with the historic tax credit.

Description

Conservation easements granted in perpetuity as a charitable donation can provide donors with significant income, estate and property tax planning opportunities if structured properly.

The charitable contribution deduction for conservation easements has been under heightened IRS scrutiny in recent years. The IRS has frequently challenged the valuation of the easement, and also attacked other deficiencies in structuring transactions. Several critical tax court cases were decided in 2012.

Moreover, the 3rd Circuit’s Historic Boardwalk Hall ruling regarding a historic tax credit transaction could also have a significant impact on existing and planned tax credit structures for conservation easement transactions.

Listen as our authoritative panel of practitioners reviews tax planning opportunities with conservation easements and recent IRS scrutiny of the charitable donation. The panel will explain how to structure easements to avoid IRS challenges and pair conservation easements with the historic tax credit.

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Outline

  1. Tax planning opportunities with conservation easements
  2. Potential IRS challenges to the charitable donation of conservation easements
  3. Recent case law developments
  4. Structuring easements to avoid IRS challenges
  5. Pairing conservation easements with the historic tax credit

Benefits

The panel will review these and other key questions:

  • What are common IRS challenges to conservation easement donations?
  • What lessons does recent case law provide on elements practitioners should consider when structuring conservation easements to minimize challenges by the IRS?
  • What is the potential impact of the Historic Boardwalk Hall ruling on existing and planned tax credit structures for conservation easement transactions?
  • How can conservation easements be paired or combined with the historic tax credit?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Anthony Ilardi, Jr.
Anthony Ilardi, Jr.

Member
Dykema

He is in the Taxation Practice Group, and concentrates on counseling developers, lenders, investors and community...  |  Read More

David M. Wooldridge
David M. Wooldridge

Shareholder
Sirote & Permutt

His practice focuses on tax litigation and tax controversy cases.  Most recently, he has had a particular...  |  Read More

Anson H. Asbury
Anson H. Asbury

Principal
Asbury Law Firm

He has over 14 years experience in federal and state taxation, specializing in tax controversy and litigation....  |  Read More

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