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 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 growers is “I just want to focus on farming, not bookkeeping.” (If this sounds like you, make sure to read all the way to...
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...