IRS Fraud Cases ‘Teed Up’ on Syndicated Conservation Easements

The Internal Revenue Service has about 80 fraud cases “teed up” as part of its enforcement efforts against abusive syndicated conservation easement deals, an official said Wednesday.

Some of those cases are at the U.S. Tax Court, while others are at the IRS Independent Office of Appeals, said Kathryn Zuba, who is Associate Chief Counsel (Procedure & Administration) at the IRS Office of Chief Counsel. She was speaking at a virtual conference of the American Bar Association’s Tax Section.

Syndicated conservation easements involve using partnerships in deals that may enable deductions under tax code Section 170(h) for donating property ...