Casualty Loss and Income Tax Deductions Related to Timber and Landscape Trees
Webinar Details
When:
Dec 7, 2018 1:00 pm US/Eastern
Length: 01:00 (hh:mm)
Advance Registration NOT required.
View now on-demand.
Presenter(s):
- Dr. Linda Wang, National Timber Tax Specialist, USDA Forest Service
Virtual Event Format:
Group Viewing Available:
Timber or landscape trees destroyed by recent fires, hurricanes or other storms are “casualty losses” that may allow the property owners to take a deduction on their federal income tax returns. To help timber owners, as well as home owners, who suffered timber or landscape tree damages with their tax reporting, this webinar will focus on the new tax law changes that Congress passed in 2017 that affect the casualty loss deductions starting in the 2018 tax year.
About Forest Taxation
Providing Timber Tax Information to Private Forest Landowners
Forest Taxation under the Cooperative Forestry Staff of the U.S. Forest Service provides national leadership on forest tax policy, tax education, and information that are important to support private forest stewardship and conservation.
Cooperative Forestry tracks the latest tax law changes, delivers estate planning information, and provides forest tax policy assessment through websites, publications, presentations, workshops, and webinars. We work in collaboration with State Forestry Agencies, Cooperative Extension Services, and Forest Landowner Associations.
The tax and planning information assistance helps private landowners and rural communities to manage lands sustainably. It benefits forest landowners, forestry consultants, accountants, lawyers, and State agency forest land managers.
- Income Tax Deduction on Timber and Landscape Trees Loss from Casualty
- 2017 Farm Credit System Bank Interest Rate
- Federal Income Tax on Timber: A Quick Guide for Woodland Owners (October 2012 Edition)
- Timber REITs and Taxation (A Briefing of Key Issues)
- Timber REITs and Taxation (Technical Report)
- Timber Casualty Loss Tax Deduction
- Federal Income Tax and Conservation Easement Donations
- Forest Owners Guide to the Federal Income Tax
- National Timber Tax Website
- Loss Deductions for Timber Damaged or Destroyed by a Natural Disaster
- Estate Planning for Forest Landowners: What Will Become of Your Timberland
About the presenter:
Dr. Linda Wang serves as a National Timber Tax Specialist with USDA Forest Service in Washington D.C. She is an author and speaker on federal income tax and estate tax planning relating to private woodlands. She has a Ph.D. in Forest Economics and a CPA certificate.
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