Christmas Tree & Timber Tax
Welcome! I’m Andrew Bosserman.
I help Christmas tree growers and forest landowners minimize taxes and maximize profits.
Recent Posts
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 provides capital gain treatment for qualifying timber sales. Capital gain treatment is beneficial to forest landowners,...
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 limited to the adjusted basis of the trees, not the trees’ market value. Are you a forest landowner wondering how to...
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 Inflation Reduction Act of 2022 into law. The new law contains many different provisions, including a minimum corporate income...
Beware These Pitfalls of the Capital Gain Method!
The capital gain method often results in significantly lower taxes; however, avoid these pitfalls to prevent the IRS from taking your tax savings! If you’ve been reading my articles for any length of time, you’ve probably heard me talk at length about the capital gain...
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 I need to do to claim depletion on my tax return? Keep reading to find out the answers to these questions about...