Tax Treatment of Timber
Very few sections of the Internal Revenue Code are written specifically for timber. This means there is a considerable amount of interpretation involved. This website was developed to be used by timberland owners, as well as a reference source for accountants, attorneys, consulting foresters and other professionals who work with timberland owners by answering specific questions regarding the tax treatment of timber related activities.
New Developments
This section is designed to help you stay up to date on issues that could impact your timberland and the tax treatment of timber. Please check back often for the latest information!
Recent Updates to the Site:
- Top Timber Tax Issues
- June 9, 2010
- New Law Extended Expensing of Property Costs Acquired by Business Taxpayers
- March 23, 2010
- Timber Tax Webinar for 2010 Filing Season Available
- Feb. 24 and March 17, 2010
- IRS Invites Comments for Form T
- Deadline January 12, 2010
- New Schedule L for 2009
- Tax Tips for Forest Landowners for the 2009 Tax Year
- Forest Health Protection Program Cost Share Approved for Income Exclusion
- Latest IRS Regulation on Timber Sale Transaction Reporting - Form 1099-S Now Required
- IRS Announcing 2009 Farm Credit System Bank Rates
- Estate Planning for Forest Landowners: What Will Become of Your Timberland?
- Timber Tax Management for Family Forest Owners
- Income Tax Deduction for Timber Casualty Loss
- The American Recovery and Reinvestment Act of 2009 (Stimulus Bill), H.R. 1
- Revised 2/17/09
- Access to Data on IRS Valuations of Conservation Easements in Colorado
- Posted 1/20/09
- New Deadline for Copy B of Form 1099
- Posted 12/3/08
- Sale of Conservation Easement on Farm Subject to Current Use Valuation Triggers Recapture
- Posted 11/10/08
- Estimated Inflation Adjustments for 2009
- Posted 10/30/08
- IRS Releases Revised Estate and Gift Tax Publication
- Posted 10/14/08
- Tax Tips for Forest Landowners for the 2008 Tax Year
- Posted 10/11/08
- How to Treat Carbon Sequestration Income
- By Bill Hoover
- Food, Conservation, and Energy Act of 2008 (H.R. 2419)
- The IRS Form 1099 Conundrum
- Updated on 11/29/07 to reflect REG-155669-04, Information Reporting for Lump-Sum Timber Sales
- Exchange of Timberland by a REIT
- IRS Requests Applications for Authority to Issue Forestry Bonds
- Posted 9/5/08
- Housing Assistance Act of 2008
- Posted 8/29/08
- Grouping of Activities for Determination of Material Participation Under Passive Loss Rules
- Posted 8/29/08