by Christmas Tree Tax Team | Feb 19, 2024 | Live Presentations, Timber Tax Resources
I was interviewed last week by the Alabama Forest Owners’ Association as part of their Capital Ideas – Live! podcast. In the short interview, I discuss why many forest landowners find taxes confusing, as well as common tax mistakes forest landowners make....
by Christmas Tree Tax Team | Jan 28, 2024 | Timber Tax Resources
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...
by Christmas Tree Tax Team | Oct 3, 2023 | Christmas Tree Tax Resources, Q & A, Timber Tax Resources
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...
by Christmas Tree Tax Team | Sep 11, 2023 | Saving Taxes, Timber Tax Resources
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...
by Christmas Tree Tax Team | May 17, 2023 | Christmas Tree Tax Resources, Timber Tax Resources
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...
