Tag: valuation

The Eleventh Circuit recently affirmed a U.S. Tax Court decision that a $23 million deduction claimed for a conservation easement donation should only have been $480,000. The court also upheld the imposition of a 40% penalty for gross valuation misstatement. Savannah Shoals, LLC v. Commissioner, 2026 WL 2056291 (July 16, 2026). The case arose from…