Last year Congress made permanent the enhanced incentive for conservation easements, but this achievement is now under threat from tax shelter scenarios, many times coordinated by a small group of “promoters” and often with overinflated appraisals. While land trusts often would rather focus on the land than the paperwork, it’s important to take time to make sure we’re doing the right thing. These types of financially-motivated scenarios can be fraught with tax peril for participants, erode public confidence in land trusts, harm land trusts’ reputations individually and collectively and cause much time and expense. Land trusts and tax advisers need to be aware of tax shelters and their characteristics to discourage them and protect the integrity of voluntary land conservation. Join tax attorney Timothy Lindstrom and Katherine Eddins, executive director of the Georgia-Alabama Land Trust, as they discuss how to spot a potential tax shelter and what to do if you are confronted with a project that just seems too good to be true.
Together we will advance change and increase impact for land conservation.