Christmas Tree & Timber Tax
Welcome! I’m Andrew Bosserman.
I help Christmas tree growers and forest landowners minimize taxes and maximize profits.
Recent Posts
2024 Tax Season Resources for Christmas Tree Growers
With the tax filing deadline for business tax returns (partnerships & S corporations) a little more than a month away (March 15th) and individual income tax returns a little more than two months away (April 15th), below are some helpful tax season resources for...
Updated Tax Tips for Forest Landowners
Every year, the United States Forest Service, in conjunction with university extension professors, publish a tax tips sheet for forest landowners. I've had the honor and enjoyment of reviewing the publication for the past few years. This year's tax tips sheet was...
Brownfield Ag News Interview
I was interviewed yesterday by Brownfield Ag News after talking about The #1 Way Christmas Tree Growers Save Taxes to the Wisconsin Christmas Tree Producers Association at the 2024 Growing Wisconsin Conference. The interview goes over lots of good questions, including...
How to Save Taxes & Improve Cash Flow in 2024
Author's Note: This article first appeared in the Great Lakes Christmas Tree Journal. Summary Christmas tree growers should utilize bonus depreciation, 179 expense, and the De Minimus Safe Harbor Election when possible to improve cash flow. Also, tax law allows most...
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 reminder, basis is the measure of an individual’s investment in an asset, or the amount of money that has already...