Conservation Easement Tax Incentives

• Overview
• CD & Manual Credit
• Podcast Credit
• OnDemand Credit

Overview
In the current challenging economic conditions, capital remains difficult for individuals and businesses to obtain to meet their working capital and business expansion needs. However, many businesses are unaware that they may already be holding valuable tax assets that can be utilized to generate positive cash-positive and provide significant tax benefits. This OnDemand Webinar will help persons responsible for determining available sources of capital understand what conservation easements are, and how they can provide a variety of financial incentives that can be monetized. The OnDemand Webinar also explains the general form of a conservation easement transaction and highlights the most common problems that can be avoided with proper planning and execution. Failing to understand the process beforehand is the most common mistake made in obtaining a solid benefit. This OnDemand Webinar is critical for anyone who wishes to learn more about conservation easements and how they can obtain the benefits available.

Authors
Lynn A. Gandhi, Honigman Miller Schwartz and Cohn LLP

Self Study Credit - OnDemand Webinar

Self Study Credit - CD & Reference Manual

Self Study Credit - Podcast

Agenda

Understanding the Incentives of Conservation Easements

• Federal

- IRC § 170 Charitable Contribution Deductions

- Federal Historic Tax Credits

• State

- State Historic Tax Credits

- Other State Incentives

Using Conservation Easements as a Funding Mechanism

• Overview of the Transaction

- Formation of LLC

- Acquisition of Interest

- Contribution of Easement

• Qualifying Interests and Parties

- Qualified Real Property Interest

- Qualified Organization

- Qualified Conservation Purpose

• Holding Period
• Transferability

Benefits and Concerns

• Monetizing Tax Assets
• Positive Cash Flow
• Appraisal
• IRS Scrutiny