Forest Tax Webinar Series 3 (of 5): Timber Management Expenses and Deductions
Webinar Details
When:
Feb 1, 2022 1:00 pm US/Eastern
Length: 01:00 (hh:mm)
Advance Registration NOT required.
View now on-demand.
Presenter(s):
- Dr. Yanshu Li, Forest Economics & Taxation Outreach Specialist, University of Georgia
- Dr. Tammy Cushing, Extension Forest Business & Economic Specialist, University of Florida
- Dr. Shaun Tanger, Assistant & Extension Specialist, Mississippi State University
Virtual Event Format:
Group Viewing Available:
Managing your timber costs money, and like any other business, many of your expenses can be deducted from your tax bill. In this presentation, you will learn how to assess your forest management costs and correctly claim your deductions. In addition, presenters will discuss other related topics from how to fill out a “Form T,” to the ins and outs of reforestation costs, and conservation easements.
This webinar is the third 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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