Kate Joy News Today

The IRS does not like syndicated conservation easement tax deductions, and some promoters end up with criminal charges. Two men were sentenced to 23 and 25 years.

He is cooperating with prosecutors in their case, as are five accountants who helped sell syndicated conservation easement tax breaks and also pleaded guilty.

A major promoter of land conservation deals and six others were indicted as the IRS escalated a crackdown on what it says are fraudulent syndicated deals.

Fast-moving car. take it completely apart and do it the right way? >> theres a lot of reality tv shows about stripping down cars, doing it right, and then bringing them back out. much, much better that way. >> right. >> this is not going to get any better because were not fixing the fundamental problems, the systemic problems. its no different than you guys when you talk about the stock market and the underlying fundamentals. >> right. >> unless you change that, this is going to continue to oper...

Addressed. but from the very beginning, i sue the way the government was going -- i saw the way the government was going about there wasnt the correct way to do it. >> ive got to tell you, i dont think you or a lot of people who werent happy with the new law thought it would be this bad. i mean, the idea that they would actually take a plan that you were comfortable with, take it away from you and force you to buy something that you cant afford, to me, is beyond the pale. its way out of the reac...

Were looking at stopping our monthly donations to some of the chartdable funds that we give to. >> and kate, were around the corner, you see ive got my christmas tie on. holidays, has this impacted you for holiday spending already? >> of course. its going to impact everybody whos looking at those exorbitant increases for holiday spending. you know, you look at -- you know, do you have to go out and pea that expensive gift, or -- and buy that expensive gift, or do you rethink what christmas is ab...