For 30 years, I was an appraiser and a frequent expert witness on the value of property. Sometimes government agencies would condemn property under eminent domain, and I would estimate what the agency should pay the owner; at other times, I estimated the value of land or easements given to a conservation group such as…
Tag: IRS
Will Behind-the-Scenes Lobbying Block Effort to End Conservation Easement Tax Schemes?
After years of crackdown efforts by the Internal Revenue Service, Congress is coming closer to removing incentives that allow enormous tax deductions for conservation easements. Richard Rubin writes in the Wall Street Journal: “A bipartisan group of lawmakers said it hopes to complete legislation to curb tax breaks for land-rights deals this year, but as…