IRS cracking down on improper deductions for conservation easement donations.(Executive's Briefcase)(Internal Revenue Service)(Brief Article)

Taxpayers, promoters, appraisers, and others involved in improper tax deductions for conservation easement donations may face penalties, the Treasury Department and the Internal Revenue Service (IRS) announced in a recent notice. The notice advised taxpayers that the IRS intends to disallow improper charitable contribution deductions for transfers of easements:

* On real property to charitable organizations; and

* In connection with purchases of real property from charitable organizations.

According to the IRS, some taxpayers are claiming inappropriate charitable contribution deductions for:

* Easement transfers that …