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The American Jobs and Closing Tax Loopholes Act of 2010 bill was passed in the House of Representatives on May 28, 2010, and as of June 9, 2010 had been taken up by the Senate. The Act extends the special rule regarding contributions of capital gain real property for conservation purposes for one year for contributions made in taxable years beginning before January 1, 2011. Click here to read the section on Qualified conservation contributions. 2008 Farm Bill Tax provisions The Farm Bill (H.R. 2419) which Congress enacted on May 22, 2008 includes a powerful tax incentive which has helped conserve over a half a million acres of natural areas, farms, and ranches across the US. The incentive had expired January 1st, but is now retroactive to the beginning of the year and will last through 2009. The incentive, which applies to a landowner's federal income tax, will: Raise the deduction a donor can take for donating a voluntary conservation agreement from 30% of their income in any year to 50%; Allow farmers and ranchers to deduct up to 100% of their income; and Increase the number of years over which a donor can take deductions from 5 to 15 succeeding years. Here is an example of how these tax deductions can help. Here is the IRS code (Internal Revenue Bulletin: 2007-25 ) for the extended tax provisions.

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Introductory Articles	Conservation Tax Provisions making their way through Congress Conservation Tax Provisions making their way through Congress. Last year, Congress extended the. deductions landowners can take for conservation easement donations in the Farm Bill. The provisions originally passed in the Pension Protection Act in 2006, but are set to expire at the end of this year. Repres ... CAN I REALLY PRESERVE MY LAND AND MAKE MONEY? HOW TO TURN CONSERVATION TAX CREDITS INTO CASH CAN I REALLY PRESERVE MY LAND AND MAKE MONEY? HOW TO TURN CONSERVATION TAX CREDITS INTO CASH. Conservation easement income tax credits are a relatively new land preservation tool available to help Colorado landowners preserve their working farms and ranches, and protect wildlife habitat and scenic views. Conservation ... CONSERVING OPEN SPACE =Tax Credits, Cash and Like-Kind Property CONSERVING OPEN SPACE =Tax Credits, Cash and Like-Kind Property By:. Christine Latulip. Long before the buzz in Washington was about creating a stimulus package to help the struggling economy, in 2008 tax incentives were approved by Congress that promotes voluntary land conservation. The new law raised the deduc ... Planning For Woodlands In Your Estate Planning For Woodlands In Your Estate Sharing Property with Children. When title to property is held between two or more people as “joint tenants with rights of survivorship” (often abbreviated on documents as “JTROS” the surviving joint owners automatically own 100 percent of the property when one owner dies. An inter ... Do you have a plan for your family forest Do you have a plan for your family forest?. By Jay Braunscheidel, VP at. Integrated Forest Management. More family woodlands will change hands and be sub-divided in the next 10 years than at any point in America’s history. That fact struck me as I was reviewing the newly revised estate planning resourc ... Result Page: 1 2 3 4 5 6 7 8 9 10 11 12

Articles for Professionals	Federal Estate and Gift Tax Consequences of Donated Term Conservation Easements LAND TRUST ALLIANCE Exchange Summer 2000 25 Term conservation easements are conservation easements that are not perpetual, but, rather, restrict the property for a term of years. After the term has expired, the conservation easement restrictions terminate and no longer affect the land. Term conserva ... Farm & Ranch Estate Planning Rally 2002 Session 4K Farm & Ranch Estate Planning Jeremiah P. Cosgrove Ryland Howard. 2002 FARM CONSERVATION TAX UPDATE By Jerry Cosgrove, Attorney, American Farmland Trust Co-author, Your Land is Your Legacy: A Guide to Planning for the Future of Your Farm n September 1999, American Farmland Trust published a ... Appraisals and Valuation Appraisals and Valuations - HOW THE GIFT IS VALUED. By: Stephen J. Small, Esq.. For purposes of the tax rules, the "value" of a property is equal to what it would sell for if it were put to the most valuable economic use that is possible under the circumstances. In many cases (though not all) with land t ... Estate Tax Incentive For Landowners AN IMPORTANT ESTATE TAX INCENTIVE FOR LANDOWNERS. By: Stephen J. Small, Esq.. In 1997, for the first time in more than a decade, Congress added to the law significant new tax incentives for voluntary land protection by private landowners.Let’s start with a few important observations. Every single conservation ea ... Estate Planning Opportunities Low Interest Rates Offer Estate Planning Opportunities By. James A. Houle, Esq.. Many of us have used the current low interest rates to save money by refinancing our homes and businesses. But attractive rates can also offer even better opportunities to save on gift and estate taxes, which now apply to tra ... Result Page: 1 2 3 4 5 6 7 8 9

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