John Kirbo, senior attorney at Wiggam Law, authored a new Bloomberg Tax article examining the IRS’s newly established Office of Conservation Easements and whether it can make meaningful progress in resolving the agency’s longstanding backlog of conservation easement cases.
In the piece, Kirbo looks at the IRS’s decision to centralize conservation easement expertise while ending its uniform settlement program, as well as the uncertainty the shift creates for partnerships seeking to resolve disputes. He highlights the agency’s repeated settlement initiatives, its strong litigation record in syndicated conservation easement cases and the need for a clear, consistent approach if the new office is going to reduce a backlog of roughly 1,100 cases. Read the full article in Bloomberg Tax here.