CONSERVATION EASEMENTS AND THE IRS: WHAT DOES "IN PERPETUITY" MEAN?
In Vermont and around the country, people are having conversations about the extent to which conservation easements can be amended or terminated when they have been granted "in perpetuity." An essential part of that discussion is, "What does the IRS think?" Donated easements must be perpetual to qualify for federal income tax benefits.
This expert panel provided a unique opportunity to hear directly from a supervisory attorney at the IRS deeply involved in this issue.
Click here for more information.