Desire by many taxpayers to protect the environment while simultaneously accessing a congressional tax incentive is fairly constant. But the IRS keeps changing things.
Tax Litigation: The Week of December 19th, 2022, through December 23rd, 2022 Starer v. Comm’r, T.C. Memo. 2022-124 | December 20, 2022 |Wells, J. |Docket No. 615-13 Mamadou v. Comm’r,.
IRS proposed regulations to identify syndicated conservation easement transactions as listed transactions. U.S. Tax Court held that Notice 2017-10, designated syndicated conservation easement transactions as listed transactions, was invalid and issued in violation of the APA.