Dr. Linda Wang, National Timber Tax Specialist, with the U.S. Forest Service has just released her annual 2017 tip sheet for forest landowners. This is a one page tip sheet loaded with information. I don’t see any specific language regarding changes to the timber tax codes from 2016, but in any event, this is the most current on the subject. For additional information go to National Timber Tax Website, timbertax.org.
Tax Tips for Forest Landowners for the 2017 Tax Year
by Dr. Linda Wang, National Timber Tax Specialist, U.S. Forest Service
Specific federal income tax laws and rules apply to timber-related income and expenses. The tax tips provided in this bulletin is intended to assist timber owners, foresters, loggers and their tax preparers in filing the 2017 tax returns. This material has been prepared for informational purposes only, and is not intended to provide tax, legal, or accounting advice. Please consult your own tax, legal, and accounting advisors before engaging in any transaction. The information is current as of September 30, 2017.
For the full "Tip Sheet" click here and you will be directed to the National Timber Tax Website.