Despite a government crackdown on tax shelters known as “syndicated conservation easements,” they are still being marketed in some publications, according to an article in Bloomberg Tax.
EcoVest Capital Inc., promoter of syndicated conservation easements, is still operating, but reportedly struggling in after the Department of Justice lawsuit alleges “abusive tax scheme.” The Internal Revenue Service has pledged a broad crackdown.
See the full Bloomberg Tax article here.
Tags: syndicated conservation easements Last modified: December 7, 2022