Forest Tax Webinar Series 2 (of 5): Basics of Timber Basis: Re(setting) the Table
Webinar Details
When:
Jan 25, 2022 1:00 pm US/Eastern
Length: 01:00 (hh:mm)
Advance Registration NOT required.
View now on-demand.
Presenter(s):
- Dr. Shaun Tanger, Assistant & Extension Specialist, Mississippi State University
- Dr. Tammy Cushing, Extension Forest Business & Economic Specialist, University of Florida
Virtual Event Format:
Group Viewing Available:
What are the basics of timber basis?
Join this webinar to learn more about one of the most important financial aspects of timber management that often goes unnoticed or underappreciated. Timber basis is how much you have invested in the timber, and it is used to determine net taxable income. It can be applied to reduce taxable income, financial losses after a storm and more.
This webinar is the second of five in a series dedicated to forestry taxes and presented by an experienced team including Extension forestry tax specialists from Mississippi State University, University of Florida, and University of Georgia; a forestry economist from the USDA Forest Service and a certified Public Accountant/former IRS agent & tree farm owner.
This webinar is the second of five in the "Forestry Taxes: Learn, Plan & Save Money Webinar Series," and presented by an experienced team including Extension forestry tax specialists from Mississippi State University, University of Florida, and University of Georgia; a forestry economist from the USDA Forest Service and a certified Public Accountant/former IRS agent & tree farm owner.
Forestry Taxes: Learn, Plan & Save Money Webinar Series
Many forest landowners pay more taxes on their timber than they should. Accountants can help to calculate taxes, but forest landowners need to understand how timber expenses should be reported, and how they are taxed. When planning your forest management activities, knowing the timber tax rules will help you keep your records in line, and save you money.
Related URLs
Find other Woodland Stewards Webinars at https://forestrywebinars.net/sponsor-pages/woodland-stewards/
For more resources on Forestry Taxes, check out the National Timber Tax website at https://timbertax.org
The Woodland Stewards Regional Extension Program for Landowners was developed by a collaborative team of forestry Extension professionals from eleven different organizations. This is the fourth year of the series and other webinars from the current and past series can be accessed on the Webinar Portal.
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