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Fox News
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The IRS has acknowledged flaws in its conservation easement tax assessment program, leading to the withdrawal of punitive deadlines affecting over 250,000 taxpayers. The agency is establishing a new Office of Conservation Easements to provide a fairer process for evaluating land value claims, addressing past inconsistencies and fraudulent assessments. The move aims to protect law-abiding landowners who donated conservation easements and ensure that fraudsters are prosecuted, while reforming the appraisal system to improve fairness.
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