The difference between depletion blocks and depletion accounts is often confused by forest landowners and Christmas tree growers. As a quick...
Q & A
Q&A: IRC 631(a) vs 631(b)
I often receive questions from forest landowners about the differences between Internal Revenue Code (IRC) § 631(a) and § 631(b). IRC § 631...
Q&A: Deducting Christmas Tree Losses from Natural Disasters
Christmas tree growers are often eligible for a tax deduction for trees damaged or destroyed due to natural disasters. However, the tax deduction is...
Q&A: Timber Tax Savings from Capital Gains
My last article analyzed the factors that affect how much money a Christmas tree grower can save by making a capital gain election. I often receive...
Q&A: Christmas Tree Farm Tax Savings From Capital Gain Method
One question I receive frequently from Christmas tree growers is how much money can I save by switching to the capital gain method? A previous...
Q&A: Capital Gain Election for Choose-and-Cut Farms
This article discusses the application of IRC § 631 to Christmas tree farms. If you are a forest landowner, read this article about the application...