Transcription of Conservation Easement Audit Techniques Guide
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Conservation Easement Audit Techniques Guide Revision Date January 24, 2018. Note: This document is not an official pronouncement of the law or position of The National Register of Historic Places the Service and cannot be used, cited, or relied upon as such. This Guide is current through the publication date. Contents Chapter 1: Introduction to Conservation 5. Statement of Purpose .. 5. Overview .. 5. Getting Started .. 6. Definition of Conservation Easement .. 6. Tax 7. Chapter 2: Statutory Requirements for All charitable contributions .. 7. Overview .. 7. charitable Contribution Definition .. 7. Real Estate 8. Partial Interest Rule .. 8. Conditional Gifts .. 8. Earmarking .. 9. Year of 9. Substantiation of Noncash 9. Amount of 10. Chapter 3: Qualified Conservation Contribution .. 10. Overview .. 10. Qualified Real Property Interest .. 10. Qualified 11. Conservation Purpose .. 11. Perpetuity .. 11. Chapter 4: Qualified Organization .. 14. Overview.
IRC § 170 contains the rules that govern income tax deductions for charitable contributions, including donations of conservation easements. In order to claima charitable contribution deduction for a conservation easement, taxpayers must meet the statutory requirements applicable to all charitable contributions, as well as the specific
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