Magnolia River Group, LLC – Goodman & Nekvasil P.A. May Recover Investor Losses on Conservation Easements
Goodman & Nekvasil is investigating potential claims against broker-dealers and sales agents for improperly recommending conservation easements (tax shelter land deals) to investors. Magnolia River Group, LLC is a conservation easement.
Magnolia River Group, LLC is a form of conservation easement known as a syndicated conservation easement investment. Syndicated conservation easements are listed on the IRS “2019 Dirty Dozen” list of tax scams to avoid. The IRS specifically warns that if the charitable contribution deduction equals or exceeds two and one-half times the amount of the investor’s investment, the IRS “intends to challenge the purported tax benefits from this transaction based on the overvaluation of the conservation easement.” In November 2019, the Internal Revenue Service announced a significant increase in enforcement actions for syndicated conservation easement transactions, and stated that this is a priority compliance area for the agency. A recent court opinion disallowed a conservation easement deduction and deemed penalties applicable for illustrative purposes.
Magnolia River Group, LLC filed a form D to raise capital from investors with the total offering amount sold purportedly $4,078,870 and the minimum amount accepted by any outside investor of $15,000.
Investors in Magnolia River Group, LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Magnolia River Group, LLC and took a charitable contribution deduction worth at least two and a half times your investment, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered close to $200 million dollars on behalf of victimized investors.
All of our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for almost 38 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you invested in Magnolia River Group, LLC and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.