Valuing conservation easements is one of the most difficult assignments an appraiser can take. If you do this complex work, insure you’re also up to speed on the ever
changing IRS piece of the puzzle. Listen to this valuable two-hour webinar and gain critical insights and IRS tax court decision updates for your daily practice.
This new webinar addresses the federal income tax code and regulations pertaining to the donation and valuation of conservation easements.
Appraisers, CPAs, and attorneys should be familiar with all these important requirements. Obtain relevant analysis on the most recent tax court decisions involving
Presenters will discuss:
- How to analyze and account for deed restrictions
- Ways to scrutinize market transactions
- How to overcome the lack of market data
- Consideration of zoning restrictions
- Analysis of the market
- Why highest and best use needs to be determined twice
- Use of easement encumbered transactions
- Use of subdivision development approach
- What is the entire contiguous property
- Is there enhancement to other property
- Is Highest and Best Use in conflict with conservation purpose
Date: November 18, 2013
Time: 10:00 am PT, 11:00 am MT, 12:00 pm CT, 1:00 pm ET
Duration: 2 hours
AI CE Credit Only: Appraisal Institute Designated members, Candidates for Designation, and Practicing Affliates who attend will receive 2 hours of Appraisal Institute continuing education credit. Completion certificates will not be sent unless requested. This is not approved for state continuing education credit.
Marc L. Caine, Senior Counsel in the Office of Chief Counsel, Internal Revenue Service, in Westbury, New York, regularly provides legal and litigation
support to field attorneys, IRS Engineers, Appeals, Collection and Examination. He was named Small Business/Self-Employed Attorney of the Year in 2011. Mr. Caine
received his Bachelor of Science degree cum laude, from Bryant College and his Juris Doctor degree, cum laude, from Suffolk University School of Law. He has been
employed by the Office of Chief Counsel since 2001.
Ronald M. Cerruti worked for the U.S. Forest Service as a forester before he came to work for IRS in 1978. He was an IRS forester in San Francisco
for six years valuing timber and timberlands, ranch and farmlands, other rural property and closely held businesses. As engineering and valuation territory manager for
the past eleven years, Ron is responsible for IRS valuation work performed in the western United States. He has served as a member of the Issue Management Team (IMT)
on Conservation Easements and has presented at gatherings of the Appraisal Institute, American Society of Farm Managers and Rural Appraisers, American Society of
Appraisers, AICPA, and at the last three National Land Trust Alliance Rallies.
Robert E. Dietrich, MAI, Director, Navigant Capital Advisors, the dedicated corporate finance business unit of Navigant Consulting, Inc., in
Valuation & Financial Risk Management practice, works in the Los Angeles and Irvine offices. Mr. Dietrich is a recognized expert in valuing all types of real estate.
He has been designated as an expert in real estate valuation, has testified on over 60 occasions in court and has been selected as an independent arbitrator in
valuation matters. He currently serves as a director of the Appraisal Institute.
Louis J. Garone, MAI, SRA, real estate specialist with the Internal Revenue Service conducts reviews and appraisals for tax related issues as a Senior Appraiser. He has actively participated with the Colorado state’s licensing board and served two back to back 3 year terms as an appointed member of the board. He is currently on the local Institute chapter board of directors as immediate past president, is on the Appraisal Institute national panel of instructors, and is a certified USPAP instructor. Since 1992 he has spent 2 to 3 weeks each year teaching appraisal related classes for various venues including the Appraisal Institute and Armbrust Real Estate Institute.
Karin Gross, Supervisory Attorney in the IRS’s Office of Chief Counsel in Washington, DC, is a National Office specialist in the charitable
contribution deduction. Over the past several years, Karin’s work has focused on the deduction for conservation easements. She was a member of IRS’s issue
management team for conservation easements and provides advice to IRS Examiners who are conducting audits of conservation easement deduction claims and IRS Valuation
Experts who are reviewing taxpayers’ easement appraisals.