Timber Tax Update Session 2008
In a continuing effort to provide tax professionals and educators with the latest information on the tax treatment of timber, the U.S. Forest Service presented timber tax update via web conferencing on August 6, 2008. The presenters included Linda Wang, Tax Specialist, USDA Forest Service; John Greene, Research Economist, USDA Forest Service, SE Research Station; Bill Hoover, Professor of Forestry, Purdue University; and Mark Batson, Industry Technical Advisor, IRS; . The presentations given during the web conference are available below as PowerPoint presentations.
Timber Tax Update Session Agenda
Establishing Timber Basis (Linda Wang)
Form T - Timber Sale Example (John Greene)
IRS Proposed New Regulations on Form 1099 (Linda Wang)
Forest Health Management Cost Share (Linda Wang)
Reforestation Costs Recovery Update (Mark Batson)
Bonus Depreciation and Expanded Sec. 179 Deduction (John Greene)
The following subjects have been combined into one presentation |download |
Lower Corporate Tax Rate for Timber Sales (Bill Hoover)
Extension of Conservation Easement Donation Deduction (Bill Hoover)
CRP Payment Not Subject to Self-Employment Tax (Bill Hoover)
Endangered Species Recovery Tax Incentive (Bill Hoover)
REITs Tax Update (Bill Hoover)
Open Space Conservation - Proposed Tax Strategy (John Greene)
Woody Biomass for Energy - Industry Tax Incentives (Linda Wang)