In the News | Financial Advisor
IRS Cracks Down On Conservation Easement Scams
The IRS is cracking down on syndicated conservation easements (SCEs) used as tax shelters. These schemes involve inflated charitable deductions from overvalued land appraisals. Baker Tilly’s Mark Heroux offers a warning for taxpayers to ensure they don’t fall victim to these schemes: “One red flag is when a tax professional pitches a transaction that seems too good to be true and claims the IRS has issued no-change letters after an audit. These claims are rarely substantiated.”
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