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Caqrpenter v. Com'r - Extinguishing and Amending Conservation Easements


The IRS's victory in Carpenter v. Com'r represented an important step in the agency's ongoing efforts to both address abuses and establish precedent consistent with congressional intent in the conservation easement donation context. Here, the Tax Court addressed a key aspect of the protected-in-perpetuity requirement- the circumstances under which government and nonprofit holders can agree to extinguish tax-deductible conservation easements. 

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