With Congress once again considering significant tax legislation, host Bob Leins invited Stein Sperling attorneys David De Jong and Steve Widdes to speak on ForYourBenefit about the broader effects the legislation may have.
Listen below for more information on the prospective changes, the rationale for the changes and any planning opportunities available now or in the future.
INDIVIDUALS Final Regulations under Code Sections 170 and 786 follow prior Proposed Regulations limiting charitable contributions flowing from partnerships based on conservation easements to 2.5 times the sum of each partner’s “relevant basis” and determine…
INDIVIDUALS In Excelsior Aggregates LLC v. Commissioner, TC Memo 2024-60, in a decision applied to 13 cases, the Tax Court doubted the value of conservation easements restricting sand and gravel mining and reduced the deduction…