The IRS Cracks Down on Conservation Easements

 

Conservation Easements – 

The IRS wants us to know that they are getting serious about the abuse in the area of the syndication of conservation easements. 

IR-2019-182 issued on November 12 states: “The Internal Revenue Service announced today a significant increase in enforcement actions for syndicated conservation easements, a priority compliance area for the agency.”

Coordinated examinations are being conducted across the IRS in the;

• Small Business,  
• Self-Employed Division,
• Large Business,
• International Division,
• Tax Exempt,
• Government Entities Division.

Separately, investigations have been initiated by the IRS’ Criminal Investigation division.

These audits and investigations cover billions of dollars of potentially inflated deductions as well as hundreds of partnerships and thousands of investors.

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Lance Wallach, National Society of Accountant’s Speaker of the year and member of the AICPA faculty of teaching professionals. He is a frequent speaker on abusive tax shelters, Captive Insurance and Conservation Easements at several annual conventions and writer for 50+ publications.

Wallach is quoted regularly in the press and has been featured on television and radio shows such as NBC, NPR’s All Things Considered and others.

 

Lance is an accomplished author of titles including;  

• Protecting Clients from Fraud, Incompetence and Scams,
• Bisk Education’s CPA’s Guide to Life insurance,
• Federal Estate Gift Taxation. 

Lance Wallach does expert witness testimony and has never lost a case!

So what do you do now?

You can contact the offices of Mr. Lance Wallach!

• +1 (516)-938-5007
• wallachinc@gmail.com