The greatest burden a landowner faces is taxation. However, landowners can use knowledge of the tax law to ease that burden. The tax laws governing timber are complex, intricate and sometimes ambiguous, making planning difficult. In order to allow landowners to be able to better communicate with their tax professionals and forester, a DVD is being offered that will educate landowners on overall tax strategies, nuances of the law, and long-term goals and objectives.
TIMBER TAXATION, authored by renowned timber taxation specialist, Dr. Harry L. Haney, Jr., is available on DVD through the Clemson University Department of Forestry and Natural Resources for only $49.00. Dr. Haney and Dr. Tamara Cushing present this information on a 4 DVD set that also includes copies of the slides used in the presentation and the course notes for Timber and the Federal Income Tax.
To order a copy online of Timber Taxation, click here. For an order form, click here. You may also order over the phone by contacting Susan Guynn at 864-656-0606.
Disc 1
Introduction
Chapter 1 Federal Income Tax Process
Disc 2
Chapter 2 Capital Expenditures
Chapter 3 Capital Expenditure Recovery
Chapter 4 Forestry Operating, Management and Protection Expenses
Disc 3
Chapter 4 Forestry Operating, Management and Protection Expenses – CONTINUED
(Begins with Passive Activity Loss Rules)
Chapter 5 Timber Sale Income
Chapter 6 Forestry Cost-share Payments
Chapter 7 Income Leveling Strategies
Chapter 8 Forms of Ownership
Chapter 9 Like-Kind Exchanges
Chapter 10 Casualty Losses and Involuntary Conversions
Disc 4
Chapter 11 Christmas Trees
Chapter 12 Tax Implications of Employment Status
Chapter 13 Timber Aspects of Social Security Tax
Chapter 14 Tax Effects on Investment Returns
Chapter 15 State Income Taxes
Chapter 16 Court Decisions and IRS Rulings