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Green Valley Investors, LLC v. Commissioner of Internal Revenue
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April 14, 2026
Partnerships Dispute IRS Denial Of $67M In Easement Breaks
Two partnerships challenged the IRS in the U.S. Tax Court over penalties and additional taxes tied to separate conservation easement deductions, alleging the agency had failed to explain why it denied their $33 million and $34 million tax breaks.
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April 13, 2026
4th Circ. Urged To Back $21M Cut To Conservation Deduction
The U.S. Tax Court considered a property's potential for mineral mining when it shaved more than $21 million from a North Carolina partnership's tax deduction for donating a conservation easement, the IRS told the Fourth Circuit on Monday, urging it to uphold the reduction.
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January 20, 2026
Tax Court Wrongly Cut Conservation Gift Value, 4th Circ. Told
The U.S. Tax Court made multiple errors when it reduced the value of rock-rich land underlying a North Carolina partnership's conservation easement donation, the partnership told the Fourth Circuit, urging it to at least reverse penalties imposed by the court as a result of its findings.