TS 27 CORPORATION v. UNITED STATES OF AMERICA
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July 01, 2022
US, Partnership Urge Dropping Roughly $7.3M Easement Case
The U.S. government and a partnership urged a Georgia federal court Friday to dismiss the partnership's case to have a roughly $7.3 million conservation easement tax deduction reinstated and guidance imposing a penalty for abusing the transactions invalidated.
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October 21, 2020
Ga. Partnership Sues IRS Over Nixed $7.3M Easement Deduction
The Internal Revenue Service wrongly denied a partnership a roughly $7.3 million tax deduction for its conservation easement, the business told a Georgia federal court in a suit challenging agency guidance that imposes a penalty for abusing the transactions.