11/29

Going it alone on digital taxation

Politico Morning Tax
By Toby Eckert
November 29, 2018

The National Taxpayers Union will put out a report later this morning that harshly criticizes the IRS for its handling of private conservation easements, which allow owners of large properties to claim an income tax deduction if they set aside land for conservation. The report contends that the Treasury Department and the IRS “impose massive compliance burdens,” including on property valuations and easement qualifications, among other criticisms.

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Private investment in conservation permanently protects our nation’s most precious lands for future generations. That’s why we’re working to ensure this practice continues for years to come. ... See MoreSee Less

Conservation easement legislation should encourage taxpayers to protect our environment for generations to come and curb abusive behavior, but S.170 would hinder conservation. Learn more from P4C’s members → ... See MoreSee Less