Conversion easements involve voluntary binding agreements that perpetually protect conservation-worthy land from modification, development or adverse use. It was not commonly used as a conservation tool until 1980s when the Congress amended the tax code – mainly Section 170(h). The amendment created tax deductions to landowners when conservation easements were donated to nonprofit organizations. It was in 2015 when the Congress, on a bipartisan basis, permanently created enhancement to the federal tax benefits for conservation easements.
This LIVE Webcast will equip CPAs in assisting their clients who either have tracts of land or high income. We will sharpen your skills to assist your clients while examining the most significant issues in the mix, including:
– Definition of Conservation Easements
– The History of Conservation Easements
– Types of Donee
– Conservation Purposes Required
– Valuation of Conservation Easements
– Discussion of Recent Tax Court Cases
– Monetized Conservation Easements – How to help your high-income clients reduce their taxes
About Mike Packman
Michael Packman is the founder of Keystone National Properties. Packman began his career more than 20 years ago in the finance industry. During the first chapter of his career, Packman quickly rose through the ranks of the first firm he worked for, becoming the youngest Vice President in the firm’s history. Additionally, Packman oversaw the Long Island region for the brokerage arm of a major international financial firm.
In 2003, Packman formed his own diversified financial company. After the downturn, real estate, especially 1031 exchanges, became a major focus. The company grew to a very well-respected advisory firm in the space and led to a successful exit from the business. Packman is Chairman of the C-Suite Network Specialty Tax Council, which focuses on innovative strategies to reduce or defer taxes. Packman’s entrepreneurial endeavors now also include co-founding Bundlefi, a financial technology start-up where he serves as Vice-Chairman. Packman frequently speaks at family office events both large and small as well as some of the nationally recognized business and real estate conferences. Packman is the 1031 expert contributor for the New York Real Estate Journal and has been featured in the Real Deal. Packman is a well-respected leader in his community who throughout the years has served on several advisory and non-profit boards.
About Don Deans
Don has supported individual and corporate clients as a CPA for more than 40 years and as a registered representative for 18 years. Don has his BSIR and MBA from the University of North Carolina in Chapel Hill. He began his career at Haskin & Sells in 1974 and was a partner at Deloitte Haskins & Sells from 1985-1990. In 1996, Don joined the financial services sector and he holds FINRA licenses 6, 7, 63, 65 and 24.
Don is a nationally recognized speaker, published author, and thought leader in the accounting and finance communities.
Powered by WPeMatico