IRS Releases New Safe Harbor Provisions

IRS Releases New Safe Harbor Provisions

The IRS released Notice 2023-30 on April 10, 2023. The Notice includes new conservation easement safe harbor deed language for extinguishment and boundary line adjustment clauses and will be published in the Internal Revenue Bulletin on April 24, 2023 in accordance with the SECURE 2.0 Act. Congress enacted the SECURE 2.0 Act…

Conservation Easement

What is a conservation easement?

Welcome to the launch of our new Conservation Easements 101 blog series! Through a series of short articles, we’ll cover basic concepts and provide helpful tips and considerations for landowners who want to learn more about conservation easements. Follow us on social media and subscribe to our newsletter to be…

New Conservation Easement Tax Law in Effect

Congress amended the Internal Revenue Code and set new parameters for qualified conservation contributions claimed by pass-through entities. Section 170(h)(7) aims to stop syndicators from abusing the conservation easement deduction. The new law disallows deductions claimed by partnerships if the reported value of a conservation contribution exceeds certain financial limitations. A 3-year holding period…

Land Trust of the Month Roundup 2022!

This past July we launched our Land Trust of the Month program. We’ve really enjoyed this project because it’s given us the opportunity to: (1) highlight the different missions of potential land trust partners for our clients, (2) learn more about the specific work each organization is doing to support…

A note from our founder Kathryn Tancig

Personal reflection on founding a firm and looking ahead. Welcome! I’m Kathryn Tancig – the founder of Tancig Law PLLC. Thank you for joining me for our first blog post. We are very grateful to our media team for building and launching our website and can’t wait to share more about…

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