Jay Adkisson, Coronavirus Pandemic Will Not Slow Down IRS’s Pursuit Of Microcaptive And Syndicated Conservation Easement Transactions Says LB&I Memo (Apr. 17, 2020)

Jay Adkisson, in this Personal Finance column on Forbes website, writes that, according to a Memo by Douglas W. O’Donnell of the IRS’s Large Business and International Division (a/k/a “LB&I Division”), dated April 14, 2020, and obtained by TaxNotes, the IRS will continue work on so-called Microcaptive and Syndicated Conservation Easement transactions even during the COVID-19 pandemic.

According to the Memo:”Work should continue on Syndicated Conservation Easements campaign, Micro Captive Insurance campaign, IRC 965 campaign and any future campaign related to the Tax Cuts and Jobs Act; but without in person contact. Existing and any new campaigns will be assessed for purposes of categorizing as postponed or allowed with clear communications to follow on which are allowed.”

To see the article, click: Coronavirus Pandemic Will Not Slow Down IRS’s Pursuit Of Microcaptive And Syndicated Conservation Easement Transactions Says LB&I Memo

To see the IRS Memo, click Douglas W. O’Donnell of the IRS’s Large Business and International Division (a/k/a “LB&I Division”), dated April 14, 2020.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..

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