I have heard of similar concerns as well as some folks who the IRS thinks may have overstepped their windfall. The IRS can came back at them asking for $$$ back. I have never gone thru one of these but have met some attorneys who can help. You know where this is going so I'll stop. I'd suggest getting every little duck in line and see how much $$$ your client would have, then decide if it is worth it. Conceivably, the owner would have another agency like Landmarks looking over his shoulder in perpetuity as well. If his property is already designated or in a district it "shouldn't" matter much. Eric Hammarberg Director of Preservation Vice President Thornton-Tomasetti Group LZA Technology Division 641 Avenue of the Americas New York, NY 10011 Telephone: 917.661.8160 Fax: 917.661.8161 Mobile: 917.439.3537 email: <mailto:[log in to unmask]> [log in to unmask] _____ From: [log in to unmask] [mailto:[log in to unmask]] Sent: Tuesday, September 20, 2005 11:58 AM To: [log in to unmask] Subject: Re: [BP] National Architectural Trust BPoids - A client recently inquired about acquiring a tax deduction by getting a conservation easement for the facade of his NYC house. I seem to recall that this program is a scam which nets a good deal of money up front for the NAT, and questionable amounts for the client,. plus possible IRS pencil-necks breathing down his back in the future. Has anyone heard similar issues with this program? $Twybil$ <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><> The information in this email and any attachments may contain confidential information that is intended solely for the attention and use of the named addressee(s). This message or any part thereof must not be disclosed, copied, distributed or retained by any person without authorization from the addressee. If you are not the intended addressee, please notify the sender immediately, and delete this message. <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>