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View Diary: MA-Sen: Gomez Shopped Around for Most Favorable Appraisal Before Taking Shady Tax Deduction (40 comments)

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  •  Here's the paragraph about this scam... (4+ / 0-)
    Recommended by:
    SadieSue, 417els, NYFM, grover

    Abuse of Charitable Organizations and Deductions....A “contribution” of a historic facade easement to a tax-exempt conservation organization is another example. In many cases, local historic preservation laws already prohibit alteration of the home’s facade, making the contributed easement superfluous. Even if the facade could be altered, the deduction claimed for the easement contribution may far exceed the easement’s impact on the value of the property.

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