CCNotice

CCNotice.

.  Details available on settlements in syndicated conservation easement transaction initiative

The Internal Revenue Service this week released Notice 2021-001, containing information on Chief Counsel's settlement initiative for certain pending Tax Court cases involving abusive syndicated conservation easement transactions. Prior coverage of the settlement initiative can be found in IRS news release IR-2020-196.

The IRS encourages investors to seek independent professional assistance with the settlement terms to help them assess their hazards of litigation. Investors are advised to obtain counsel from competent, independent advisers not related to or recommended by the transaction promoter.

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