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IRS Offers Easement Settlement

 The Internal Revenue Service has made a time-limited offer to taxpayers who participated in Syndicated Conservation Easements and similar transactions.

In a letter to these recipients, the IRS required substantial concession of the income tax benefits and the application of penalties. 

Those do not accept the offer continue to face IRS enforcement actions, including potential full disallowance of charitable contributions involving the easement and penalties.

Those who use the easements and do not receive letters are not eligible for the program, nor are those with cases pending in the United States Tax Court.

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