The IRS is Auditing Conservation Easements Sold by Inland Capital Management, LLC
On October 27th, 2017, Inland Capital Management, LLC received notice that the IRS had selected for audit one of the partnerships it manages which claimed a conservation deduction in 2015. On February 8, 2019, the IRS issued a Notice of Final Partnership Administrative Adjustment denying the conservation deduction in its entirety. Inland Capital Management, LLC is contesting this denial in United States Tax Court.
Inland Capital Management, LLC has also received notice that the IRS has selected for audit all four of the partnerships it manages which claimed charitable contribution deductions in 2016. Inland Capital Management, LLC has stated that it anticipates that all partnerships which claim a syndicated easement deduction will be audited, and that Inland Capital Management LLC expects that the initial position taken by the IRS upon any such examination will be a complete disallowance of the deduction.
US Department of Justice Claims that Conservation Easement Investments Affiliated with Inland Capital Management, LLC and/or Jack Fisher are Fraudulent Tax Shelters
Jack Fisher is the manager of ICM Manager, LLC, the manager of the Inland Capital Management, LLC conservation easement investments. Inland Capital Management, LLC and/or Jack Fisher are also associated with conservation easements sold by Stein and Corey Agee including:
The United States Department of Justice has alleged that these investments are fraudulent tax shelters.
If You Invested in a Conservation Easement Sold by Inland Capital Management, LLC, You May Lose a Substantial Amount of Money
Contact us Today if You Invested in Any Conservation Easement, including:
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