Senate Finance Committee launches investigation, while anti-syndication bill is introduced in the House and Senate
Abusive syndicated easements are bad news, as described in more detail in my December 2017 article here. The Land Trust Alliance and the IRS have been fighting to shut down this tax shelter for years, and now Congress is jumping into the fray. On March 27, 2019, the Senate Finance Committee announced the beginning of an investigation into abusive syndicated conservation easement transactions. The Committee kicked off its investigation with fourteen individual letters to parties associated with investors known to have engaged in this type of syndicated easement.