Severance tax programs currently exist in eight States in the South. These laws have been enacted primarily to encourage better forest management and to ...
The purpose of this book is to educate readers about the tax and property law issues involved in planning the transfer of property after death. It is not ...
This publication examines the most common situations noncorporate taxpayers face when calculating Federal income tax on their timber holdings. It addresses ...
This publication is the latest in a series of income tax handbooks for nonindustrial private forest owners that extends back over 45 years. It represents a ...
The Forest Landowners Tax Council (FLTC) is an independent, national non-profit organization dedicated to providing an effective and unified voice for ...
This bulletin outlines the procedures necessary to create an estate plan that will ensure the orderly transfer of your cherished forest land intact and with a ...
Generally this is a loss caused by a sudden, unexpected, and unusual event from natural or other external forces. It``is not a gradual or progressive loss, ...
Taxpayers may be able to deduct losses in property value from Hurricane Katrina. This includes damage to shade``trees along with damage to your home and ...
This paper focuses on income tax concerns, although landowner decisions may also be influenced by property and sales taxes. It is divided into three major ...
This article provides a brief overview of the new provisions in which properly drafted conservation easements qualify for a charitable contribution deduction, ...
Interest in conservation easements has grown with the extreme increases in property values in many parts of the country. The resulting increased tax burden ...
This publication discusses the difficulty in determing whether proceeds from a transaction are considered capital gain or ordinary income, along with other ...
Landowners who can demonstrate a profit motive``can deduct 1) capital costs (which form the cost``basis of the property); 2) currently deductible``expenditures ...
The long term capital gains rate has been reduced significantly--if you sold your timber at the right time and you met the correct holding period requirements. ...
The Taxpayer Relief Act of 1997 made many changes in the taxation of long-term capital gains for individuals. Individuals holding timber and timberland must ...
Since 1992, timber value is no longer added to the value of the land in the county tax digest. Timber and land are each a separate class of property and are ...
As a woodland owner, if part or all of your timber` is damaged, condemned, destroyed or stolen, you may be entitled to claim a deduction on your federal income ...