Are you looking to save taxes in 2023? If so, learn how to with my new courses! Almost all Christmas tree growers and forest landowners can save...
Timber Tax Resources
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...
How Forest Landowners Can Benefit from the Inflation Reduction Act
The Inflation Reduction Act contains multiple provisions that will benefit forest landowners. A few weeks ago, President Joe Biden signed the...
Q&A: What is Depletion?
I often receive questions from forest landowners about depletion, such as: What is depletion? How do I calculate depletion? What do...
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...
Save Timber Taxes by Utilizing a 1031 (Like-Kind) Exchange
A 1031 exchange (also known as a “like-kind exchange”) allows a forest landowner to save taxes by exchanging timberland (or possibly timber) the...