Preserving ancient monuments is critical to our cultural heritage as a nation. But it doesn’t come without its hurdles.

You might have contributed a historic preservation easement to help safeguard a favorite structure. But now, you can’t understand why you have an IRS audit on your plate.

Suppose that’s the case; you have no reason to worry. Cumberland Law Group is here to make your life easier. In this post, we’ll discuss historic preservation easements and how having dedicated tax professionals by your side can help you safeguard your legal interests.

Understanding Historic Preservation Easements

As a taxpayer in Georgia, you must understand your rights when dealing with IRS audits and Historic Preservation Easements. Speaking of, what is a Preservation Easement?

A Historic Preservation Easement is a legally-enforceable contract between a property owner and an authorized entity looking to preserve a structure’s architectural, historical, or archaeological significance. In this arrangement, the owner cannot demolish or alter the structure without the entity’s permission, and in exchange, the owner gets a tax break for the easement’s appraised worth. 

Lately, the IRS has upped a gear in scrutinizing these easements, which has seen a surge of audits and litigation. So, suppose you are facing an IRS audit or a lawsuit over a historic preservation easement; you might want to engage legal professionals like Cumberland Law Group to help you navigate the process.

Strategies to Fight IRS Audits and Litigation Effectively

With many complexities surrounding preservation easements, contesting IRS litigation and audits is no picnic. And at Cumberland Law Group, we acknowledge that. However, we boast a proven track record of successfully defending clients against IRS audits and litigation.

Some strategies we use to safeguard our client’s interests and rights effectively include but are not limited to, the following. 

• Carefully assess the preservation easement agreement: Our team thoroughly evaluates the easement agreement to ensure that it complies with every legal requirement and finds any possible issues that may come up during an IRS audit.
• Hold a site inspection: We examine the site to establish whether the easement’s conditions are valid and in line with the agreement’s provisions.
• Review the appraisal: We evaluate the easement’s worth to establish compliance with IRS requirements.
• Dialogue with the IRS: Our team holds productive dialogue with the IRS to settle any disagreements on your behalf.

Why Choose Cumberland Law Group

Collaborating with Cumberland Law Group comes with many perks, such as:

• A proven track record: We boast an attractive track record of tackling historic preservation easement audits effectively.
• Seasoned tax attorneys: Our legal team possesses extensive experience in dealing with historic preservation easement audits.
• A targeted approach: We recognize that no case is similar to another and therefore offer all our clients individualized attention.

Navigating your way through an IRS audit is never easy, let alone one involving a preservation easement. However, safeguarding your legal rights and interests becomes easy with a competent legal team on your side.

At Cumberland Law Group, we are dedicated to offering our extensive knowledge and experience to help you navigate the system and attain a favorable outcome. So, contact us today, and let us know how we can assist you.