Navigating Syndicated Conservation Easements in the Daily Report 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.
Jason Wiggam
Founding Partner
Jason is a founding partner of Wiggam Law in Atlanta, Georgia. His practice focuses on representing individuals, businesses, officers, directors, shareholders, and partners in matters concerning the Internal Revenue Service (IRS), the Georgia Department of Revenue, and other state tax departments. He has successfully represented clients in the IRS’s recent crackdowns on syndicated conservation easements and micro-captive insurance disputes. Jason also has significant experience handling IRS tax settlements, tax compliance, appeals representation, offshore foreign bank reporting compliance, audit representation from responding to IRS audit letters through to IRS audit reconsiderations if necessary, innocent spouse relief, IRS levy and IRS garnishment releases, penalty waivers/abatements, and lien releases/withdrawal.
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