IRS Issues News Release Announcing Time-Limited Settlements for Conservation, Historic Preservation Easements

The IRS has issued a news release announcing that a time-limited settlement opportunity for eligible taxpayers involved in conservation easement or historic preservation easement disputes has been established. Eligible partnerships will receive individualized correspondence on a rolling basis with 90-day settlement terms that include no charitable contribution deduction, a 10 percent gross valuation misstatement penalty, and payment deferrals, followed by a 45-day period with a 20 percent penalty rate. [IR-2026-65, 05/13/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.