Critics question need for proposed syndicated easement regs

One of the few supporters of the proposed regs was the Land Trust Alliance, which said in a February 5 letter that regulations are still needed despite the new law. “In case promoters continue to create and market abusive syndicated conservation easement transactions, or challenge provisions of the Integrity Act, it is prudent for the IRS to codify in regulations the provisions of the Listing Notice,” the Alliance said.