Tax

What We Know and Don’t Know about the Tax Bill

As you may have heard, the prospects for a major year-end tax reform bill reaching the President’s desk improved significantly when the Senate passed its amended version of the Tax Cuts and Jobs Act late Friday night (December 1). The final vote, 51 to 49, followed a daylong cliffhanger involving who... Read more

IRS Confirms October Deadline for Conservation Easement Disclosures

The IRS recently designated certain donations of conservation easements and substantially similar transactions as “listed transactions.” The IRS requires special disclosures for listed transactions but the agency had postponed the deadline for implementing the disclosure requirements. We had hoped the new Administration would help convince the IRS to reverse... Read more