On October 8, the U.S. Treasury published final regulations that have important implications for land trusts working on easement or land donations from pass-through entities such as a partnership or limited liability company. Since 2017, Land Trust Standards and Practices have prohibited participating in tax shelter transactions under Standard Practice Element 10C4. The Regulations for reporting and disclosing information to the IRS to help them identify tax avoidance transactions have changed. The Land Trust Alliance will be publishing resources to unpack each element to guide land trusts in the near future.