The IRS has been closely scrutinizing syndicated conservation easements since December 2017. In 2020, there have been some important developments in this area. First, in June 2020 the IRS announced a time-limited settlement opportunity for certain docketed Tax Court cases. Second, in August and September 2020, the Senate Finance Committee issued a report and data quantifying the amounts that syndicated conservation easements have allegedly cost the U.S. government. Third, some affected taxpayers have filed a class-action lawsuit against promoters of syndicated conservation easements.

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