In this episode, Toby Mathis, Esq., of Anderson Business Advisors, chats with Tyler Surat of One Tree Advisors. Tyler is a seasoned expert in tax mitigation and land conservation strategies, who is helping clients utilize conservation easements to preserve land while mitigating taxes. You’ll hear the definition and benefits of conservation easements, the challenges posed by IRS scrutiny on certain easements due to misuse by "bad actors," and the importance of understanding state-specific tax laws. Tyler emphasizes the necessity of due diligence before pursuing an easement, considering factors like property registration and the differences between group and individual applications. Tune in for valuable insights into navigating the complexities of conservation strategies and tax implications.

Highlights/Topics:

Toby introduces Tyler, from CPA to CFO
What is it, and what’s covered under a ‘Conservation Easement’?
The IRS is contesting some easements from ‘bad actors’ in the real estate business
Groups vs. individuals
Is the property on a National Registry?
Tax laws in your specific state need to be considered
Audits can be a risk due to past individuals who have misused this tax break
Due diligence is essential before requesting an easement
Get in touch with Tyler at his email below with your questions
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Resources:

Connect with Tyler Surat

Email: tsurat@onetreeadvisors.com

tsurat@onetreeadvisors.com

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