Christmas Tree & Timber Tax
Welcome! I’m Andrew Bosserman.
I help Christmas tree growers and forest landowners minimize taxes and maximize profits.
Recent Posts
The 3 Types of Qualifying Reforestation Expenditures
There are 3 main types of reforestation expenditures that qualify for accelerated deduction under Internal Revenue Code (IRC) § 194. Forest landowners and their advisors frequently ask me questions about qualifying reforestation expenditures. One of the most common...
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 Christmas Tree Farms Generate Income Once per Year Now that we’re a little over halfway through 2023, your cash flow might be...
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 irrevocable trusts and stepped-up basis. Many Christmas tree growers and forest landowners use trusts as part of their...
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 overall net profit. I’ve received a number of questions over the years dealing with the application of the hobby loss...
Save Taxes in 2023 with Courses
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 thousands of dollars in taxes by following a few strategies. My new courses involve video lessons taught by me about how to...