IRS updates conservation easement site; settlement opportunity forthcoming
Information on abusive conservation easement transactions, recent court decisions, and warning signs for investors
The IRS today announced updates to its conservation easement site, providing more information on abusive conservation easement transactions, recent court decisions, and warning signs for investors.
According to the IRS release—IR-2026-63—the updated webpage addresses promoter-driven transactions built on inflated valuations that can lead to disallowed deductions, substantial penalties and other consequences.
Additionally, the IRS will soon release the terms of a time-limited settlement opportunity for eligible taxpayers involved in these transactions. Following that announcement, the IRS will extend settlement offers to eligible partnerships to provide an opportunity to resolve the federal tax consequences of these transactions.