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No Charitable Tax Deductions for Alabama Land Conservation Move (1)

June 17, 2020, 9:08 PMUpdated: June 18, 2020, 2:33 PM

An Alabama couple wasn’t entitled to millions in tax deductions after the husband donated development rights over his land because the conservation purpose of the donation wasn’t permanently protected, the U.S. Tax Court ruled.

The IRS disallowed deductions that David F. Hewitt & Tammy K. Hewitt carried over into 2013 and 2014 after they first claimed a deduction of nearly $2.8 million in 2012 for Mr. Hewitt’s donation of a conservation easement—where he gave away property development rights in order to conserve his pastureland and wooded areas. ...

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