IRS victory in land tax case could speed government crackdown

Decades-long sentences and close to $1 billion in ordered restitution handed out in federal court this week in a fraudulent charitable deductions and land rights case could finally put the brakes on a controversial tax transaction while making it easier for the IRS to win related cases in U.S. Tax Court. The Land Trust Alliance, a nonprofit that opposes syndicated easements, has said that investors claimed nearly $36 billion in unwarranted deductions from 2010 to 2018. President Biden signed bipartisan legislation to stop syndicated deals at the end of 2022.