At least five more conservation easement lawsuits arrived at US Tax Court this week, adding to the mounting caseload facing the government.
The five cases involve more than $132 million in charitable contribution tax deductions the IRS disallowed for partnerships that donated conservation easements on a piece of land. They join a backlog that has grown to more than 1,000 cases before the court as of October.
In a conservation easement, a land owner donates an easement that blocks development on the property in exchange for a tax deduction under IRC Section 170. The IRS has closely scrutinized the ...