Tax Topics - Transactions
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MA Tax Credit for Land Conservation Process
Newly created Massachusetts Tax Credit for Land Conservaton application process |
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MA Tax Credit For Land Conservation Fact Sheet
Facts about the newly introduced Massachusetts Tax Credit for Land Conservation |
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MA Income Tax Credit Summary Sheet
Summary prepared by The Compact of Cape Cod Conservation Trusts, 3 October 2011 based on final regulations at 301 CMR 14.00; please confirm with personal tax advisors or Dept. of Revenue. |
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Explaining the Mass Tax Credit for Land Conservation
A short article explaining the 2011 Mass Tax Credit for Land Conservation. You are welcome to modify this article and use it in your newsletter, outreach, etc. |
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Mass State Income Tax Credit for Land Conservation Info
How to determine eligibility and how to apply for the Massachusetts State Income Tax Credit, available beginning in January 2011. |
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Mass DOR Response on the Valuation of Conservation Restrictions
This DOR response to a question on the valuation of conservation restrictions gives the reason why no set formula for reduction in taxes can be arrived at, but does use mandatory language (underlined) stating that assessors are required to take the restriction into account. |
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Real Estate Taxes on Conservation Restrictions
What information can be given to assessors who do not take into account a reduced value for conservation restrictions? Here is a Mass Department of Revenue opinion about restrictions and how they are to be treated. |
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Courts to IRS: Ease Up on Conservation Easement Valuations
This article reviews the general requirements for the income tax deduction and applicable limitations, reviews court decisions addressing the valuation of conservation easements and concludes that courts largely find significant value in conservation easements.
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Federal Conservation Tax Incentives Extended
Commentary on the extension through 2009 of the first major new federal income tax incentives for land conservation since 1980.
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Using the Conservation Tax Incentives
Perspective and analysis of the conservation tax incentives, with examples, provided by the Land Trust Alliance. |
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IRS Guidance on Appraisal Requirements
Guidance regarding appraisal requirements for noncash charitable contributions, includes definitions of qualified appraisal and qualified appraiser. |
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Tax Considerations for Conservation Restrictions or Donated Land
A brief overview of federal and state income tax, estate tax and local property tax considerations for the donation of conservation restrictions or land |
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IRS Bulletin on Conservation Tax Deductions
Guidance Regarding Deductions by Individuals for Qualified Conservation Contributions. |
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Federal Conservation Tax Incentives Summary
Summarizing the Federal tax incentive for conservation easement (restriction) donations that has been extended by congress thru 2009. |
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Glass vs IRS 6th Circuit Court Ruling
The tax court decision in favor of the allowability of deduction for the Glass conservation easement is affirmed. |
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Notes on New IRS Form 8283
Guidance for land trusts on IRS Form 8283: What to tell landowners. |
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Saving Open Space in Suburbia
The application of the governmental policy test (originally published in LTA Exchange, Spring 2004) |
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Conservation Tax Incentives for MA
2009 Legislation: An Act Relative to Authorizing Tax Credits for Qualified Donations of Certain Land to a Public or Private Conservation Agency (An amendment to Section 6 of Chapter 62 of the General Laws) |