FREQUENTLY ASKED QUESTIONS
Will participation in Conservation Easement cause me to be audited?
It will not increase or decrease audit possibility. It is a legal deduction and has bipartisan support.
What happens if my deduction is larger than 50% of AGI?
The excess deduction amount is carried forward to the next year(s).
Do I own the land?
The land is put into a trust and all trustees (including you) vote to not develop.
What are potential issues from Conservation Easements?
The only issue is overvaluation of property. Our team uses 3rd party appraisals and has had no issues (see Track Record).
What if my CPA doesn’t know how to file correctly?
Our team advises your team exactly how to file and is available for consultation.
When do I know what my tax bill will change to?
Immediately after analysis is done of your current situation.
Can I reduce my quarterly tax payments?
Yes, once new lower tax cost is determined through analysis.
Why don’t all high income professionals use these?
They are not informed about them.
Do you guarantee your work?
If audited, what do you provide?
Audit defense and will pay any costs or interest incurred.
My income varies (on commission, etc), what should I put for income amount?
Last year’s income total or best estimate.
Already have a CPA, why would I need someone else?
We do not replace current tax team, we complement their efforts.
How does deduction affect my state and local taxes?
It reduces them just like any other deduction.