TAX WATCH
Court Backs IRS in Dispute Over Easement Facade
By Grant Williams
A federal judge has ruled that owners of a house in a historic district in Oak Park, Ill., cannot take a $216,000 charitable-contribution deduction for donating a facade easement on their home to a preservation group.
Under the terms of the easement, the owners cannot change the front or two sides of the house without written...
|