Tax Shelter Promoters Sentenced in Conservation Easement Tax Scheme

They exaggerated the value of the related real property and promised tax deductions much higher than the usual level, the Justice Department said.

A sign outside the Internal Revenue Service building is seen in Washington on May 4, 2021. Patrick Semansky/AP Photo

In a win for the Internal Revenue Service (IRS), two tax shelter promoters were sentenced Tuesday for crimes connected to the so-called “syndicated conservation easement” tax scam.

Jack Fisher, a certified public accountant (CPA), was sentenced to 25 years. An attorney who helped expand substantially Mr. Fisher’s scheme, James Sinnott, was sentenced to 23 years.