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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? >> there's 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 we're not fixing the fundamental problems, the systemic problems. it's 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 operate as it always did. it will be prettier, look fancier, but it's not going to function -- >> won...
Addressed. but from the very beginning, i sue the way the government was going -- i saw the way the government was going about there wasn't the correct way to do it. >> i've got to tell you, i don't think you or a lot of people who weren't 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 can't afford, to me, is beyond the pale. it's way out of the reach of what a government should be doing. >> well, it's really frustrating because i called my i...