For landowners and investors alike, conservation easements have been a way to contribute to future generations and get a substantial tax break in the process. What exactly is a conservation easement? This type of legal agreement means that the landowner is voluntarily limiting their use of the land or ability to make changes to the […]
Tax Strategies for Landowners: Taking Advantage of the Fee Simple Read More »
The world of tax law has a reputation for being complicated. This is certainly true, not only because the Tax Code can be difficult to interpret and confidently apply to real-life situations, but also because the rules are constantly changing. As legislators pass new measures and the IRS advocates for new regulations, taxpayers and tax
Tax Strategies for Landowners: What’s the Deal with Conservation Easements? Read More »
For the investment-focused landowner, conservation easements have served as a means to a substantial tax break. A conservation easement is when a landowner agrees to permanently limit their use of the land or ability to make changes to the buildings on it. This conservation may have environmental goals, such as improving water quality or forest
Changes in Tax Law: Exchanging Your Conservation Easement Strategy for a Fee Simple Read More »
Navigating the Tax Code can be like trying to follow a map where the lines are constantly shifting. Every month, it seems like new guidance is released, new legislation is passed, or new cases are tried by tax courts, and suddenly, applying tax law has become a completely different game. Taxpayers are understandably confused, and
Changes in Tax Law: The End of the Road for Conservation Easements Read More »