We are pleased to announce that Richard M. Colombik, Attorney, CPA together with Christopher Hynes, JD CFP, both of Tax Law Solutions, LLC are conducting a live webinar “Illinois Asset Protection Planning” on January 23, 2018. Continue reading “Illinois Asset Protection Planning Webinar”
“Of course, it must be too good to be true!” “My accountant said it is illegal and will increase my audit risk and I may go to jail!” “If it existed everyone would know about it!” I have heard every variation of reasons not to fully realize the benefits available in the Internal Revenue Code. However, my 37 years of taxation experience allows me to understand that no one, not myself, not your CPA, and not even your tax attorney knows everything.
A contribution of land for the public good, or at least an easement over a portion of some of your land to the community would potentially allow you a deduction for a qualified conservation easement.