In a previous article, I discussed the United States Tax Court case Gemperle v. C.I.R., T.C. Memo 2016-1, wherein the Tax Court ruled that the taxpayer was not entitled to a charitable deduction for a conservation easement because the taxpayer failed to include a copy of the qualified appraisal with the tax return. Read about…
Read MoreMany taxpayers contact my office with a common concern. Their federal income taxes have become unmanageable and they are unable to pay the balance due and owing. Often, an event “pushes them over the edge”, such as an IRS levy on wages or property, the filing of an IRS Notice of Federal Tax Lien, constant…
Read MoreConservation easements can be an important tool for ranchers owning Montana ranch properties to obtain income tax charitable deductions and to lessen future taxable estates for estate tax purposes. However, the taxpayer and tax practitioner must carefully follow all rules in order to properly substantiate and claim the conservation easement tax deduction. The importance of…
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