Timber Tax Tips can help forest owners realize potential tax benefits

Family forests provide many valuable goods and services that extend beyond their boundaries, including clean air and water, wildlife habitat, and carbon sequestration. Although owners of forested land usually don’t get paid directly for those benefits, there are tax incentives that can be associated with management activities. Landowners often do not know that reforestation, timber…  More 

Forest Landowners Guide to the Federal Income Tax

Tax tips for forest landowners for the 2015 tax year are now available online. Prepared by Linda Wang, U.S. Forest Service national timber tax specialist. The information was updated on February 3, 2016. The second page contains an important change on Depreciation and Sec. 179 Expensing. More detailed information is available through a U.S. Department of…  More