Author's Note: This article first appeared in the Great Lakes Christmas Tree Journal. Summary Christmas tree growers should utilize bonus...
Christmas Tree Tax Resources
Q&A – Depletion Blocks vs. Depletion (Timber) Accounts
The difference between depletion blocks and depletion accounts is often confused by forest landowners and Christmas tree growers. As a quick...
The Best Bookkeeping System for Christmas Tree Growers (Updated for 2023)
Overview The proper bookkeeping system can make a significant difference in a Christmas tree grower’s life. One comment I often hear from...
Delay Estimated Tax Payments to Improve Christmas Tree Farm Cash Flow
One of the best ways for Christmas tree farms to improve cash flow is to delay estimated tax payments until after the Christmas season. Most...
Trusts and Stepped-Up Basis
Every Christmas tree grower and forest landowner should review their estate plan to determine the impact of a recent IRS ruling involving grantor...
Q&A: Hobby Loss Rules & the Capital Gain Method
Christmas tree growers who show a business loss on their tax return should not be worried about the hobby loss rules, so long as their farm shows an...