IRS Rules and Regs

What are the basic IRS rules and regulations regarding CE’s?

The ability to classify a conservation easement as a charitable deduction is granted under IRS

Code, Section 170(h), as well as the corresponding Treasury Regulations, beginning with Section

1.170A-14. Within these regulations, there are numerous provisions and requirements,

including the following: 1) The easement must provide a "qualified conservation contribution";

2) The easement must be in perpetuity; 3) Existing mortgages must be subordinated to the

easement; 4) The easement must convey a "qualified real property interest"; 5) The easement

must be conveyed to a qualified organization; 6) The easement must advance a qualified

conservation purpose; and 7) Uses inconsistent with conservation values must be prohibited.