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CONSERVATION EASEMENTS: OVERVIEW & HOW TO MITIGATE RISK TO IRS CHALLENGES 1 Credit 1 Credit

Dec 17, 2019, 01:00 PM ET

CONSERVATION EASEMENTS: OVERVIEW & HOW TO MITIGATE RISK TO IRS CHALLENGES 1 Credit 1 Credit

  • Don Deans

    CPA/PFS

  • Rating

    4.2

  • Published on

    December, 1969

  • Subject Area

    Taxes

Learning mode

Live Webinar
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  • Get your certificate
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  • Answer the polling questions
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Dec 17, 2019, 01:00 PM ET

Learning Objectives

  • Tax planning opportunities with conservation easements.
  • Potential IRS challenges to the charitable donation of conservation easements.
  • Requirements taxpayer must meet in order to obtain that deduction.
  • Overview of IRS Guide and Structuring easements to avoid IRS challenges
  • Overview of Investment Partnerships, Process & Risks.

Course Overview

Wall Street Journal published in March 2016 an article addressed how the then president-elect frequently donated development rights on his properties to conservation groups and these donations allowed Trump to take significant federal income tax deductions. 

In December 2016, the IRS declared syndicated conservation easements to be a listed transaction (Notice 2017-10). In December 2017, Fortune Magazine Published “The Billion Dollar Loophole”, which described in detail how high-income taxpayers are deriving tax benefits from syndicated conservation easement projects, again, Quoting Donald Trump as an example.  

Conservation easements granted in perpetuity as a charitable donation can provide donors with significant income, estate and property tax planning opportunities if structured properly. 

Section 170(h) of the Internal Revenue Code allows an income tax deduction to landowners of real estate who self-impose restrictions on the use and development of their land in order to achieve specified conservation purposes. The webcast will provide tax and related professionals with a comprehensive overview of meeting the IRC Section 170(h) requirements. It would include:

  • Easement Valuation
  • IRS Audit Guide
  • The whole process of Investment
  • Various Risks associated with the investments

Attending this course will give you the tools you need to understand how to advise & strengthen client’s conservation easements and minimize the risk of a negative result in the event of an IRS challenge.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
CPA in Canada 1 CPD Eligible
SHRM-Senior Certified Professional (SHRM-SCP) 1 PDC Approved
License details Credits Status
CPA in Canada 1 CPD Eligible
SHRM-Senior Certified Professional (SHRM-SCP) 1 PDC Approved

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

SHRM APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC, is approved (Provider Number – RP5359)  by the Society for Human Resource Management (SHRM) to offer Professional Development Credits (PDCs) for the SHRM Certification Program (SHRM-CP or SHRM-SCP). For more information about SHRM certification or recertification, please visit www.shrmcertification.org.

About Instructor

Don Deans

Don Deans , CPA/PFS

Assistant Manager, Deans Consulting

  • 4.3
  • rating
  • rating
  • rating
  • rating
  • rating

Don has supported individual and corporate clients as a CPA for more than 40 years and as a registered representative for 18 years. Don has his BSIR and MBA from the University of North Carolina in Chapel Hill.

He began his career at Haskins & Sells in 1974 and was a partner at Deloitte Haskins & Sells from 1985-1990. Don is a nationally recognized speaker, published author, and thought leader in the accounting and finance communities. His guidance has been sought out by the Journal of Accountancy, Hartford Business Journal, and statewide CPA magazines in Connecticut, Georgia and North Carolina. Don is a member of the American Institute of Certified Public Accountants (AICPA), NC Association of CPAs (NCACPA), New York Society of CPAS (NYSSCPA), and the Georgia Society of CPAs (GSCPA). You can find his articles published by the Georgia Society of CPAs at www.gscpa.org.

Don resides in Charlotte, NC with his wife Kim and their three children, Will, James and Lauren. He also has three adult daughters, Mary Kathryn, Elizabeth, and Rebekah, as well as five grandchildren. Whether pursuing a thorough due diligence review before recommending a new product for a specific tax obligation, or dancing the night away at a Hornets game, Don Deans goes beyond what is comfortable to get the job done – all while enjoying life and the people he meets.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

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To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

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Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

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After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

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What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (48%)

Very Good (34%)

Average (11%)

Poor (4%)

Terrible (4%)

MG

Margo Gagnon, CPA (US)

5

It was great. Obviously the instructor has been involved in some really great deals, and I appreciate him sharing his expertise.

TB

Thomas Bowen, Director (Tax)

5

Good content and good speaker

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