n-17-10.pdf.
Listing Notice--Syndicated Conservation Easement Transactions
Notice 2017-10
The Department of the Treasury (Treasury Department) and the Internal
Revenue Service (IRS) are aware that some promoters are syndicating conservation
easement transactions that purport to give investors the opportunity to obtain charitable
contribution deductions in amounts that significantly exceed the amount invested. This
notice alerts taxpayers and their representatives that the transaction described in
section 2 of this notice is a tax avoidance transaction and identifies this transaction, and
substantially similar transactions, as listed transactions for purposes of § 1.6011-4(b)(2)
of the Income Tax Regulations (Regulations) and §§ 6111 and 6112 of the Internal
Revenue Code (Code). This notice also alerts persons involved with these transactions
that certain responsibilities may arise from their involvement.
Recent Comments