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Course Details

Overview of Topics

  • CONSERVATION EASEMENT

    7 mins
  • HISTORIC PRESERVATION EASEMENTS

    10 mins
  • EASEMENT VALUATION

    13 mins
  • HIGHEST AND BEST USE (HBU)

    16 mins
  • IRS FOCUS & NOTICE 2017-10

    21 mins
  • IRS FOCUS

    24 mins
  • MONETIZATION

    34 mins
  • INVESTMENT PARTNERSHIPS FOR CONSERVATION

    35 mins
  • LAND CONSERVATION EXAMPLE

    45 mins

Course Description

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.

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.

About Presenter

Don Deans, CPA, PFS

Accounting Manager,Deans Consulting

ddeans@deansconsulting.net

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.

Deans Consulting is dedicated to helping businesses, professionals, and individuals navigate the complex world of tax strategies. We educate our clients through speaking, publishing, and consulting, and strive to provide creative solutions tailored to each client.

Review Questions

  • Question 1 : 00:15
  • Question 2 : 00:35
  • Question 3 : 00:50
  1. According to which act, land totaling the equivalent of Yellowstone National Park (2.2 million acres) is being developed each year in the United States.
  2. The qualifying organization has to meet certain criteria for the donor to receive the deduction. What are the different eligibility criteria?
  3. Why are conservations easements important and offers great value?
  1. How many acres of land has been conserved across the United States since Jan 1st, 2017 ?
  2. How much in percentage terms, the limit for non-cash charitable contribution was raised?
  3. A conservation easement is :
  4. The conservation easement must comply with at least one of the below mentioned conservation purposes. Pick the correct answer.
  5. The Tax Reform Act of 1976 established tax benefits to encourage the preservation of :

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.3
(112)
49%
36%
11%
4%
1%
  • MG
    MARGO GAGNON , CPA
    Dec 10th 2019
    It was great. Obviously the instructor has been involved in some really great deals, and I appreciate him sharing his expertise.
WW
William Weber , EA
Okay
Maria Galvan Govea , AFSP
Great!
BF
Brent Faske , CPA
It was good.
SX
Siqing Xing , CMA, CPA, CPA
good
JK
Joseph Kiley , MBA, CPA
thank you!

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MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

IRS Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

CTEC Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

On-Demand Webinars

GOING CONCERN - IMPLICATION IN ACCOUNTING,DISCLOSURE & REPORTING
Thursday, December 03, 2020 View Details/Register
REGULATORY ETHICS GUIDEBOOK FOR CPAS: AICPA CODE OF PROFESSIONAL CONDUCT
Wednesday, December 02, 2020 View Details/Register
BUSINESS TAX UPDATE 2020
Wednesday, December 02, 2020 View Details/Register
NONATTEST SERVICES – WHAT ARE THEY AND WHY DO THEY MATTER
Wednesday, December 02, 2020 View Details/Register
IRC 199A: 2 YEARS IN – KEY OVERLOOKED PLANNING INITIATIVES
Wednesday, November 11, 2020 View Details/Register
PASSIVE LOSS ISSUES WITH SCHEDULE K-1S
Wednesday, November 11, 2020 View Details/Register
IRS TAX PRACTICE & PROCEDURE INTRODUCTION
Friday, November 06, 2020 View Details/Register
BEST TAX RETURN WORKSHOP ON Partnerships & LLCs (FORM 1065) - 2020 UPDATES
Friday, November 06, 2020 View Details/Register
ITEMIZED DEDUCTION UPDATES - WITH EXAMPLES & CASE STUDIES
Thursday, November 05, 2020 View Details/Register
COVER YOUR ASSETS: FRAUD AND INTERNAL CONTROLS
Monday, November 02, 2020 View Details/Register
Excel Accountant: CREATING ERROR-FREE EXCEL SPREADSHEETS
Monday, November 02, 2020 View Details/Register
HOW TO ANALYZE YOUR CLIENT’S TAX SITUATION
Monday, November 02, 2020 View Details/Register
BEST TAX RETURN WORKSHOP ON S CORPORATION (1120S) - 2020 Updates
Friday, October 30, 2020 View Details/Register
IRS PENALTIES, ABATEMENTS, AND REASONABLE CAUSE
Wednesday, October 28, 2020 View Details/Register
YELLOW BOOK BOOT CAMP - NFP AND GOVERNMENTAL ACCOUNTING & AUDITING UPDATE
Wednesday, October 28, 2020 View Details/Register
  • Cost FREE
  • CPE Credits 1
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00099-19-S
  • CTEC Course ID 6273-CE-0122
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Published Date January 31 ,2020
  • Who should attend? Tax Practitioners CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Tax Pros CPA (Industry) Tax Firm Young CPA CPA in Business Entrepreneurial CPA Tax Managers
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

GOING CONCERN - IMPLICATION IN ACCOUNTING,DISCLOSURE & REPORTING
Thursday, December 03, 2020 View Details/Register
REGULATORY ETHICS GUIDEBOOK FOR CPAS: AICPA CODE OF PROFESSIONAL CONDUCT
Wednesday, December 02, 2020 View Details/Register
BUSINESS TAX UPDATE 2020
Wednesday, December 02, 2020 View Details/Register
NONATTEST SERVICES – WHAT ARE THEY AND WHY DO THEY MATTER
Wednesday, December 02, 2020 View Details/Register
IRC 199A: 2 YEARS IN – KEY OVERLOOKED PLANNING INITIATIVES
Wednesday, November 11, 2020 View Details/Register
PASSIVE LOSS ISSUES WITH SCHEDULE K-1S
Wednesday, November 11, 2020 View Details/Register
IRS TAX PRACTICE & PROCEDURE INTRODUCTION
Friday, November 06, 2020 View Details/Register
BEST TAX RETURN WORKSHOP ON Partnerships & LLCs (FORM 1065) - 2020 UPDATES
Friday, November 06, 2020 View Details/Register
ITEMIZED DEDUCTION UPDATES - WITH EXAMPLES & CASE STUDIES
Thursday, November 05, 2020 View Details/Register
COVER YOUR ASSETS: FRAUD AND INTERNAL CONTROLS
Monday, November 02, 2020 View Details/Register
Excel Accountant: CREATING ERROR-FREE EXCEL SPREADSHEETS
Monday, November 02, 2020 View Details/Register
HOW TO ANALYZE YOUR CLIENT’S TAX SITUATION
Monday, November 02, 2020 View Details/Register
BEST TAX RETURN WORKSHOP ON S CORPORATION (1120S) - 2020 Updates
Friday, October 30, 2020 View Details/Register
IRS PENALTIES, ABATEMENTS, AND REASONABLE CAUSE
Wednesday, October 28, 2020 View Details/Register
YELLOW BOOK BOOT CAMP - NFP AND GOVERNMENTAL ACCOUNTING & AUDITING UPDATE
Wednesday, October 28, 2020 View Details/Register