Tax News Update    Email this document    Print this document  

April 10, 2023

IRS guidance provides safe harbor language for 'extinguishment and boundary line adjustment clauses' in conservation easement deeds

In Notice 2023-30, the IRS provides safe harbor deed language for extinguishment and boundary line adjustment clauses, as required under the Secure 2.0 Act of 2022. The notice describes the process that donors of conservation easements may use to amend an original eligible easement deed by substituting the safe harbor language for other language in the original deed.

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor