On May 6 2026, the Internal Revenue Service (IRS) announced updates to its Conservation Easement web page, adding information about abusive transactions, recent court rulings, and warning signs for investors. The IRS emphasized that the conservation easement deduction is intended for genuine preservation, not tax shelters. The new site explains the agency’s ongoing challenges to inflated valuations and the risks of disallowed deductions, penalties, and other consequences. Additionally, the IRS said it will soon issue the terms of a limited‑time settlement for eligible taxpayers involved in these transactions and, after that, extend offers to eligible partnerships. The agency urged taxpayers and advisors to review the updated information and forthcoming settlement details.
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