Bloomberg Tax
Nov. 5, 2019, 11:00 PM

Grassley, Wyden Want Better Answers in Land Deals Probe

Kaustuv Basu
Kaustuv Basu

The Senate’s top tax writers aren’t happy with the response they received from an individual they subpoenaed in their probe of tax-advantaged land deals.

Senate Finance Committee Chairman Chuck Grassley (R-Iowa) and ranking member Ron Wyden (D-Ore.) wrote to an attorney representing Robert McCullough Nov. 4, giving him until Nov. 11 to address the “deficiencies” in his response to the subpoena.

McCullough was one of six individuals who Grassley and Wyden subpoenaed in mid-September. They are investigating potentially abusive syndicated conservation easements, deals in which multiple people claim a charitable deduction for donations of property that are protected from ...

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