IRS Conservation Easement Audit Guide Aimed at Appraisals, Regulations

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A new IRS Conservation Easement Audit Techniques Guide gives taxpayers a blueprint for how IRS examiners will view charitable contributions of property that is permanently restricted as to use and development. The guide covers the statutory requirements for charitable contributions of parks, wetlands, and historic land or structures, as they pertain to which organizations will qualify for the deductions, substantiation of donations, appraisals, earmarking, perpetuity in deeds, and penalties, to name a few of dozens of categories of discussion.