This chapter explores the controversial and aggressive tax deduction strategy of land conservation easements. It discusses the process of giving up development rights to receive a charitable deduction, the potential for abuse and litigation, and recent limitations on syndication purposes.
Today we are talking to Alexis Gallati of Cerebral Tax Advisors all about controversial, aggressive and often little known tax deductions. We ask her about all kinds of topics and how to execute on them in a way that will not get us into trouble with the IRS. We talk about when they are risky, when they aren't risky and if you should use them or not. Some topics we cover are land conservation easements, captive insurance companies, self rentals, employing your spouse or children, cost segregations studies and much more.
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