DATE: 11/18/2005

CONTACT: Susan Guynn, (864) 656-0606; sguynn@clemson.edu

WRITER: Tom Lollis, (803) 284-3343, ext. 241; tlollis@clemson.edu

Clemson sets Timber Tax Workshop for landowners

CLEMSON – Landowners selling timber from forest lands need to know the latest on federal tax regulations, and Clemson University will offer a Timber Tax Workshop Dec. 12-13 to provide that information at seven locations around the state.

“This course is for landowners and anyone who works with landowners – such as accountants, attorneys, consultants and foresters,” according to Susan Guynn, continuing education coordinator for the Department of Forestry and Natural Resources, which is co-sponsoring the workshop along with the Extension Service.

The program will cover topics such as timber records, timber basis, timber depletion, methods for marketing, long-term capital gains, the use of Form T, changes in the tax code and revenue rulings made during the last six months.

Registration is $300 if received by Dec. 2 and $350 afterward. The fee covers refreshment breaks and educational materials. Cancellations must be made by Dec. 2 to receive a full refund.

The workshop provides 11 hours of Category 1 Continuing Forestry Education (CFE) credits, as recognized by the Society of American Foresters.

The course will originate on the Clemson University campus and satellite downlink sites will be at the county meeting room in Abbeville and Clemson Extension offices in Columbia, Edgefield, Greenville, Newberry and Walterboro.

For information about workshop content, site locations or registration, contact Susan Guynn at (864) 656-0606 or e-mail her at sguynn@clemson.edu.

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