by Christmas Tree Tax Team | Jan 17, 2023 | Christmas Tree Tax Resources, Courses, Timber Tax Resources
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...
by Christmas Tree Tax Team | Nov 1, 2022 | Q & A, Timber Tax Resources
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,...
by Christmas Tree Tax Team | Sep 1, 2022 | Timber Tax Resources
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...
by Christmas Tree Tax Team | Aug 1, 2022 | Timber Tax Resources
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...
by Christmas Tree Tax Team | Jun 15, 2022 | Q & A, Saving Taxes, Timber Tax Resources
My last article analyzed the factors that affect how much money a Christmas tree grower can save by making a capital gain election. I often receive similar questions from forest landowners about how much money they can save on timber sales by qualifying for capital...
