IRS Offers to Settle Tax Court Syndicated Conservation Easement Cases

07/17/2020

IRS Offers to Settle Tax Court Syndicated Conservation Easement Cases

Posted by Mary McNulty, Abbey Garber, Lee Meyercord, Katie Gerber, and Meagan Horn

The IRS recently announced a time-limited settlement offer to taxpayers with pending Tax Court cases involving syndicated conservation easements. The IRS encourages taxpayers who receive a settlement offer letter to consult with their own independent attorney (i.e., an attorney who was not involved in promoting the transaction or recommended by the promoter of the transaction) to evaluate the litigation risks and the settlement offer. Our recent client alert provides additional details on syndicated conservation easements and the settlement offer. Please contact one of the above authors or the Thompson & Knight attorney with whom you regularly work if you have any questions.

Posted by Thompson & Knight LLP on 07/17/2020 in Audits, General Tax, Partnership Tax, Real Estate Tax, Tax Litigation, Tax Shelters, TEFRA Partnerships | Permalink

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07/17/2020