The IRS is trying for a third time to try to settle en masse the backlog of litigation involving conservation easement tax breaks, but some attorneys are skeptical this latest effort will yield a different result.
There are over 1,100 conservation easement cases—about 740 docketed cases in US Tax Court and 400 cases under exam, according to the IRS. Twice before, first in 2020 and then again in 2024 for docketed cases and those still under exam, the IRS offered settlements to the taxpayers involved in these disputes, but more than two-thirds of those who received these offers turned them ...
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