Sunday, May 1, 2016
$16 Million Golf Course Conservation Deduction Disallowed On Fine Points
Whenever there is a case about taxpayers taking a huge charitable contribution for promising to leave their golf course a golf course, the first thing that always pops into my head is Sarah Norcliffe Cleghorn's poem: "The golf links lie so near the mill/That almost every day/The laboring children can look out/And see the men at play." I usually root for the taxpayers, but not in golf course conservation easement cases. The latest is RP Golf, LLC. They ended up losing because of "i" dotting/ "t" crossing sorts or issues. If it was almost anything besides a golf course conservation easement, I might feel a little sorry for them.
Posted by Lanaya Benjamin at 8:06 PM