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Your search keyword '"*CONSERVATION easement laws"' showing total 5 results
Start Over Descriptor "*CONSERVATION easement laws" Topic income tax deductions for charitable contributions
5 results on '"*CONSERVATION easement laws"'

1. APPROPRIATIONS ACT ADDRESSES RETIREMENT SAVINGS AND CONSERVATION EASEMENTS.

Author

VINCENT, SCOTT E.

Subjects
*CONSERVATION easement laws, *INDIVIDUAL retirement accounts, *INCOME tax deductions for charitable contributions, *401(K) plans, *AUTOMATIC 401(k) plan enrollment
Abstract

The article focuses on the Consolidated Appropriations Act, 2023, which includes the SECURE Act 2.0, aimed at enhancing retirement savings and conservation easements in the U.S. Topics include the change in expansion of automatic enrollment in retirement plans, the introduction of new starter 401(k) plans, and an increase in age for mandatory required minimum distributions. It also mentions that the appropriations act limits charitable deductions for partners of pass-through entities.

Published
2023

2. Conservation Easement: Tax Donation Update.

Author

Fava, Karl L.

Subjects
INCOME tax deductions for charitable contributions, CONSERVATION easement laws, TAX courts, INCOME tax accounting, ACTIONS & defenses (Law), TAX laws
Abstract

The article discusses income taxation accounting, with a focus on deductions for charitable giving associated with conservation easements and compliance with the U.S. IRS' (Internal Revenue Service) regulations. Topics include taxpayers and real property interest, Tax Court cases and mortgagee's rights, and valuation.

Published
2013

4. Charitable Deductions Denied for Gift of Façade Easement Due to Nonqualified Appraisal.

Subjects
INCOME tax deductions for charitable contributions, HISTORIC preservation, CONSERVATION easement laws, CHARITABLE uses, trusts, & foundations, VALUATION of real property
Abstract

The article reports on the denial of a charitable contribution deduction for a gift of a historic preservation facade easement by the U.S. Tax Court on June 11, 2012. It says that the gift was denied due because the appraisal obtained by the donors did not comply with the federal tax law. Moreover, the appraisal determined the pre-value of the property using the market data approach.

Published
2012

5. Easement Deduction Lost Because of Mortgagees' Preferential Position.

Subjects
CONSERVATION easement laws, INCOME tax deductions for charitable contributions
Abstract

The article focuses on the June 18, 2012 decision by the U.S. Tax Court which held that a contribution of a preservation easement restraining certain elements of the donor's personal residence has failed for a charitable deduction.

Published
2012

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