The Internal Revenue Service (IRS) recently issued final regulations identifying Charitable Remainder Annuity Trusts as listed transactions. Listed transactions are subject to additional reporting requirements, and they are generally viewed as red flags for tax evasion.

The Internal Revenue Service (IRS) has announced a “time-limited” opportunity to settle conservation easement disputes. The IRS began sending settlement letters to eligible taxpayers in May and continues to send them on a rolling basis. Taxpayers who receive settlement letters will need to make informed decisions about how to respond—and they will want to consult with an experienced Boston tax lawyer before the 90-day response deadline expires.

The Internal Revenue Service (IRS) has recently intensified its efforts to uncover fraudulent conservation easements. As it continues to aggressively pursue investigations, the IRS has also opened a time-limited settlement opportunity for eligible taxpayers who have submitted fraudulent claims. Taxpayers in Massachusetts who have concerns about their federal conservation easement deductions should promptly consult a Boston tax attorney.