4th Circ. Rejects Couple's $5.1M Easement Deduction

By Kat Lucero · July 15, 2024, 6:54 PM EDT

The Fourth Circuit rejected Monday a married couple's bid to revive a claimed $5.1 million conservation easement deduction, saying it represented a "remarkable" attempt to inflate the value of a 41-acre...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Opinion

Case Information

Case Title

Kenneth Brooks v. Commissioner of Internal Revenue

Case Number

Court

Appellate - 4th Circuit

Nature of Suit

U.S. Tax Court

Date Filed

March 24, 2023

Recent Articles By Kat

October 29, 2024
Investments In Energy Tax Credit Boom Could Draw IRS' Eye
October 22, 2024
Wafer Factories Qualify For CHIPS Tax Credit In Final Regs
October 08, 2024
IRS Appeals Office's Easement Deals May Sap Independence
October 07, 2024
IRS Finalizes Conservation Easement Reporting Rules
October 01, 2024
Treasury Plans Final Direct Pay Partnership Regs By Year-End
September 23, 2024
Energy Bonus Credit Penalty Guidance Coming, Atty Says
September 03, 2024
9th Circ. Rejects Tax Lien Pro Rata Share In Bankruptcy Sale
August 26, 2024
Ex-Braves Tell 11th Circ. Easement Appeal Not Premature
August 15, 2024
Tax Pros Navigate Chaos, Rewards In Climate Law's 2nd Year
July 31, 2024
Separate Easement Contribution Docs Critical, IRS Atty Says