Charles F. and Susan G. Glass v. Commissioner

124 T.C. No. 16

UNITED STATES TAX COURT CHARLES F. AND SUSAN G. GLASS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 17878-99. Filed May 25, 2005. L is a longstanding nonprofit nature conservancy, the tax-exempt purposes of which include the preservation of wildlife, plants, and natural land on or near the shoreline of Lake Michigan. Ps own approximately 10 acres of land (property) that includes a high undeveloped bluff on 460 feet of that shoreline. Bald eagles commonly frequent the bluff. In addition, dense vegetation grows naturally on the bluff. That vegetation…