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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	Estate Tax Update Estate Tax Update. Recent changes to the estate tax may have left some taxpayers unclear on their likely estate tax obligations. Both the annual life time exemption and the applicable tax rate have been the subject of recent changes.Under legislation passed in 2001, the U.S. estate tax exemption level has b ... Tax Benefits of Donating Conservation Land Tax Benefits of Donating Conservation Land. By:Robert Levin. There are several kinds of tax benefits available to donors of land or. conservation easements. This article attempts to summarize these benefits and provide some. examples of how they work. ... How a conservation easement works How a conservation easement works. A simple example illustrates how a conservation easement works in practice. Let’s assume a rancher in Montana owns a tract of land that serves as a wildlife corridor for elk and other animals moving from summer to winter feeding grounds. Pressure from buyers building vacatio ... Estate Planning Saves Money Estate Planning Saves Money. With the changes in estate tax laws promulgated by Congress in 2001, legislators have created the ultimate concept in estate planning. Under these rules, the estate of a taxpayer who dies in 2010 is completely exempt from tax (although a gift tax may be due, the estate tax i ... Easements: A Tool for Family and Business Planning Conservation Easements: A Tool for Family and Business Planning that Preserves Your Land. The unprecedented rise in real estate values in many parts of the country has produced new wealth but also new difficulties for landowners who want to pass cherished property to their heirs. This year, the federal estate tax ... Result Page: 1 2 3 4 5 6 7 8 9 10 11 12

Articles for Professionals	A Constructive Reformist’s Perspective on Voluntary Conservation Easements A Constructive Reformist’s Perspective on Voluntary Conservation Easements by Nancy A. McLaughlin In an article written especially for the Ecosystem Marketplace, Nancy A. McLaughlin, an expert on the legal issues surrounding easements, argues that conservation easements, with some reforms, can be a ... IRS Rules The IRS is involved and interested in land conservation. The agency provides incentives, namely tax deductions, and enforces compliance with the tax code for tax deductions identified as conservation contributions. A conservation contribution is defined by the Internal Revenue Code § 170(h) Internal ... Tax Implications of Soil and Water Conservation Programs ADD. Tax Implications of Soil and Water Conservation Programs. Dr. Neil Harl of Iowa State University authored a comprehensive paper on the tax implications of participating in soil and water conservation programs. This paper was presented to the Iowa Department of Natural Resources Watershed Quality Planning Ta ... A Guide To The Tax Aspects Of Conservation Easement Contributions A GUIDE TO THE TAX ASPECTS of CONSERVATION EASEMENT CONTRIBUTIONS By C. Timothy Lindstrom, Esq. © March 2007, by C. Timothy Lindstrom The Jackson Hole Land Trust P.O. Box 2897 555 East Broadway, Suite 228 Jackson, WY 83001 (307) 733-4707 tim@jhlandtrust.orgC. Timothy Lindstrom iii TABLE OF CONTENTS SUMMARY ... Questionable Conservation Easement Donations 40 PROBATE & PROPERTY SEPTEMBER/OCTOBER 2004 Since 1980, a landowner who donates a qualifying conservation easement to a government agency or charitable conservation organization has been eligible for a charitable income tax deduction generally equal to the value of the easement under Code § 170(h) ... Result Page: 1 2 3 4 5 6 7 8 9

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