A new tax court decision came down the other day throwing out a conservation easement on the grounds that their highest and best use valuation was unrealistic. There are multiple failure points for conservation easements. - Does the property actually exist? - Does the person who is claiming the easement actually own it? - Is the market value impact realistic? This particular case was on that last one. Like everything on the so-called Dirty Dozen list it is generally not that these strategies don't exist or aren't valid. It's usually more a case of bad actors ruining the neighborhood for everyone else.

I was two weeks behind, but with my handy Tax Sherpa OS creating a new workflow in anti-gravity, I was able to process the recordings and get the Navigators Call Archive module in the classroom updated.

Going to be sharing a pretty cool tool to organize your whole digital life

Hi! Wondering if you can make the portfolio tab editable and movable. For instance, once you enter the information for a property, it is not possible to go back in and edit it. Also, it would be nice if the blocks that contain the property information could be moved around to re-order so that, once I'm in the ledger portion, the property drop down is in the order that I would like.

Today's coffee break livestream was a bit different than what I had planned. I had a whole different show prepared, and then last night, as I was lying in bed, this thought struck me. AI systems are going to be issuing audit notices in the very near future. And we have to build our own AI defense systems starting now. It's way too much for a skool post so go and check out the blog post on the TaxSherpa.com site. Forewarned is forearmed. https://taxsherpa.com/post/audit-by-ai-the-future