Navigating IRS Regulations: New Reporting Requirements for Donated Conservation Easements and Land

The U.S. Treasury has introduced new regulations that have a significant impact on land trusts involved in easements or land donations from pass-through entities, such as partnerships or limited liability companies. These regulations are complex and may require further interpretation. The key takeaway is that land trusts might be required to report and disclose information about these donations to the IRS if they are classified as a “material advisor.”

Join the LTA Conservation Defense Network and Tax Manager Diana Norris as she discusses the new regulations and their major implications for land trusts.