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PBBM-Rose Hill, Limited, et al v. CIR
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December 11, 2018
5th Circ. Declines To Revisit Nix Of $15M Easement Deduction
The Fifth Circuit said Tuesday it would not rehear a recent decision rejecting a nearly $15.2 million deduction for a conservation easement donation in South Carolina.
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November 14, 2018
5th Circ. Correctly Axed $15M Easement Deduction, IRS Says
A recent decision by the Fifth Circuit that denied a nearly $15.2 million deduction for a conservation easement donation in South Carolina was proper and should not be reconsidered, the Internal Revenue Service said Wednesday.
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October 09, 2018
$15M Deduction Loss In Conservation Easement Row Under Fire
The Fifth Circuit's interpretation of an Internal Revenue Service regulation prescribing the allocation of proceeds when a conservation easement is donated has been accused of ignoring decades of accepted standards for claiming tax deductions, according to documents recently filed with the court.
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August 14, 2018
5th Circ. Sides With Tax Court Over $15M Conservation Gift
A $15 million donation of a conservation easement was ineligible for a conservation easement deduction, the Fifth Circuit said in a Tuesday ruling upholding a U.S. Tax Court decision.