September 5, 2024
Syndicated conservation easements (SCEs) have been under intense scrutiny by the Internal Revenue Service (IRS) for several years. These transactions, which involve groups of investors pooling resources to place a conservation easement on a property in exchange for a charitable tax deduction, have come under fire for potential abuses. Partners Jason Wiggam and Judson Mallory explore the complexities of SCEs, offering critical insights for investors. They address the shifting regulatory environment, highlighting the increased IRS scrutiny and the potential legal risks, and explain key strategies to mitigate these risks. Wiggam and Mallory emphasize the importance of understanding current legislation to safeguard investments and avoid significant penalties.
Access the full article in the Daily Report here.