Timber Tax: Capturing Loss from Hurricane Helene and other Landowner Issues and Considerations
Webinar Details
When:
Oct 30, 2024 1:00 pm US/Eastern
Length: 01:00 (hh:mm)
Advance Registration NOT required.
View now on-demand.
Presenter(s):
- Kevin Burkett, CPA - Extension Associate and Asst. Director of Clemson Tax School, Clemson University
- Kurt Smith, MPA, PhD - Assistant Professor and Extension Specialist, NC State University
Virtual Event Format:
Group Viewing Available:
This one-hour webinar will provide an update of Hurricane Helene timber damage, and strategies for capturing losses for tax purposes, as well as an overview on various timber tax topics. Topics include timber basis, IRS distinctions between a business, investment or a hobby, what is a back cruise and when is it helpful in determining taxes, when to use form T, and a host of other helpful topics for a landowner considering tax implications and best strategies relating to timber.
About Our Presenter(s)
Kevin Burkett holds a B.S. degree in commerce and business administration, and a Masters degree in Tax Accounting, both from the University of Alabama. Kevin has worked for Alabama Extension for four years and has been with Clemson University's agri-business team since 2020. Kevin delivers research-based programs to help landowners engaged in agri-businesses to be both profitable and sustainable.
Dr. Kurt Smith is an assistant professor of forestry and extension specialist and works in the area of land retention for forest owners across the state of North Carolina. He works in both education and research to assist landowners in retaining their lands through tools designed to keep working lands profitable. Some of his current research and education efforts are centered on 'heirs' property awareness, and succession planning.
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