Listed transaction letter requesting IRS requirement clarification
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About This Document
On Oct. 8, 2024, the IRS released new regulations requiring a land trust to report a different category of transactions if the land trust meets the criteria of being a “material advisor.” The Land Trust Alliance has sent a listed transaction letter to IRS Commissioner Daniel Werfel requesting clarification to prevent unnecessary confusion by donors and donees and thus reduce the number of false-positive filings.
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