Article on Mortgages and Conservation Easements

Wendy C. Gerzog (Professor of Law, University of Baltimore School of Law) recently published her article entitled Mortgages and Conservation Easements: Not a Good Mix, University of Baltimore School of Law Legal Studies Research Paper (2011). The abstract available on SSRN is below:

This article reviews Kaufman and the Tax Court’s reconsideration of its summary judgment decision that rejected the taxpayers’ deduction for a facade easement charitable deduction. The issues newly considered are the deductibility of the taxpayers’ required cash payments to the charity in connection with obtaining a facade easement charitable deduction and the application of various penalties.