Forest Tax Webinar Series 4 (of 5): Keeping More of Your Timber Income Following a Timber Sale
Webinar Details
When:
Feb 8, 2022 1:00 pm US/Eastern
Length: 01:00 (hh:mm)
Advance Registration NOT required.
View now on-demand.
Presenter(s):
- Andrew Bosserman, CPA, Esq. Attorney at Law, Shumaker, Loop & Kendrick, LLP
- Dr. Yanshu Li, Assistant Professor of Forest Taxation & Economics, University of Georgia
Virtual Event Format:
Group Viewing Available:
Learn about one of the top ways forest landowners save taxes—receiving capital gain treatment on timber sales. A landowner may only sell their timber a few times in their life but understanding how to maximize profit and minimize taxes when harvesting takes some thought. Join this presentation for a detailed discussion of how to qualify for capital gain treatment under IRC 631(a) & (b), recordkeeping tips, and proper tax reporting. Tax treatments of cost-sharing payments will also be covered briefly.
This webinar is the fourth 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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