United States: February 2023 tax news and developments
Recent developments across the three branches of government address the tax treatment of syndicated conservation easement transactions…
Stay updated with breaking news from Bobbya Branch. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Recent developments across the three branches of government address the tax treatment of syndicated conservation easement transactions…
On Dec. 6, 2022, the IRS issued proposed regulations identifying syndicated conservation easement transactions as listed transactions for purposes of I.R.C. § 6011.
Following defeat in Tax Court cases of Administrative Procedure Act, IRS issues proposed regulations identifying syndicated conservation easement transactions as listed transactions. This shows the IRS is taking a proactive approach in addressing the APA challenges.
On November 9, 2022, in a 15-2 decision, the Tax Court held that the IRS improperly issued Notice 2017-10 in Green Valley Investors, LLC, et al. v. Commissioner of Internal Revenue, 159...