Urgent Tax Law Update for Land Trusts

​​Over the last two years, the tax landscape for land trusts and landowners donating land or conservation easement has changed dramatically. In 2022, Congress passed the Integrity Act, which disallows deductions for certain transactions. And on October 8 of this year, the IRS released new regulations requiring land trusts to report a different category of transactions if the land trusts meet the criteria of being “material advisors.” For land trusts and landowners, each of these legal regimes has different exceptions. What does a land trust need to do to stay in compliance with the law and do their job? The Land Trust Alliance is here to help!

​In this webinar, Conservation Defense Network and Tax Manager Diana Norris will layout the different requirements and suggest strategies managing this complex situation.

​Here’s a look at what we will cover:

• ​The requirements laid out in the Integrity Act and the new IRS listed transactions regulations.

• ​What constitutes being a “material advisor” to a listed transaction and the (hefty) penalties for failing to report.

• ​A decision-tree that will help you navigate both the Integrity Act and the new Treasury regulations.

​This webinar is offered free-of-charge for Land Trust Alliance members and their attorneys. Please contact learn@lta.org to arrange complimentary access to the recording for your attorney. Time for questions will be limited, so we will follow-up with a special thread on Ask an Expert to continue the conversation.

Participants in Land Trust Alliance events should review and agree to the Alliance Code of Conduct.