Hi there, I recently heard that investing in Conservation Partnership (Treasury Regulation 1.170A-14,170(h) of the Internal Revenue Code) can help save taxes via donation of conservation easement. They say that the easement is deductible from donor's adjusted gross income from all sources. But the doc also says that the risk is adverse IRS audit though conservation elements are not currently known to be "red flags" and only a small portion is pulled for audit.
Please advise if this is safe and if I should be cautious about anything. (An agent offered to help me with this paper work for a fee of $1400). Thank you.
