Taft partner Sonya Jindal Tork recently authored an article published in Bloomberg Law, titled “Tax Court Shifts Conservation Easement Landscape With Reversal,” published on April 5. In the article, Jindal Tork analyzes the recent U.S. Tax Court decision of Valley Park Ranch v. Commissioner and its effect on the landscape of conservation easements and tax disputes in general. Jindal Tork highlights the ramifications of the reversal, which could benefit taxpayers denied deductions in the past and impact future claims and sets a broader precedent for tax litigation and challenges to Treasury regulations, emphasizing following proper procedures when creating tax regulations and ensuring existing regulations comply with the Administrative Procedure Act (APA).

To read the full article, visit here.

Sonya Jindal Tork has an interdisciplinary practice with a focus on real estate, tax controversies and litigation, partnership tax, and charitable, estate, and asset protection planning.