by Christmas Tree Tax Team | Oct 25, 2021 | Timber Tax Resources
Every forest landowner should properly report basis on Form T. This is the fifth and final article in the Back to Basis Series. Previous articles have explored what basis is and why it matters, how to calculate an accurate timber basis under different...
by Christmas Tree Tax Team | Aug 31, 2021 | Timber Tax Resources
Every forest landowner should setup and properly maintain timber capital accounts to maximize their tax deductions. If you have not read them yet, be sure to check out my previous articles in the Back to Basis series that covered what basis is and why it matters, how...
by Christmas Tree Tax Team | Apr 23, 2021 | Saving Taxes, Timber Tax Resources
The Qualified Reforestation Expenditures deduction is one of the best ways forest landowners can lower their taxes. This deduction permits a forest landowner to accelerate the deduction of timber basis, rather than waiting to deduct the associated basis until he...
by Christmas Tree Tax Team | Apr 9, 2021 | Timber Tax Resources
After reading What is Basis and Why Does It Matter, you’re probably asking yourself, how do I calculate timber basis? As discussed in my previous article, a forest landowner must calculate an accurate timber basis for maximum tax savings. This article will explain how...
by Christmas Tree Tax Team | Feb 28, 2021 | Timber Tax Resources
An accurate timber basis is extremely important for every forest landowner. After my webinar on the Top 5 Ways Forest Landowners Save Taxes, I received many comments requesting further explanation of basis. This is the first article in a three-part series on...
