Tax Workshop
Forestland tax rules change every year and 2015 was no exception. Federal income tax laws can influence a private woodland owner’s financial decisions about land management. Yet, special favorable tax provisions on timber that are intended to encourage private forest management and stewardship are commonly unknown.
Many landowners continue to pay more than their fair share of taxes on their timber income. Even forest landowners who use accountants need to understand how timber expenses and income are taxed, since some tax preparers are not well versed in special tax treatment for forestry. Knowing the tax laws will give you an advantage in planning your forest management activities.
The daylong workshop will provide basic information about timber taxation and the latest changes to tax laws and rules for 2015 tax return preparations. Topics will focus on federal timber income tax issues for private forest owners with a refresher on local timberland property tax incentives. Participants will gain a clear understanding of commonly misunderstood timber tax issues.
This one-day in-depth course will benefit anyone involved in managing or owning land. Attendees will learn the latest in the IRS tax code, timber tax planning/preparation techniques, strategies for positioning yourself or your clients for maximum benefit of the tax code, as well as other issues affecting forestland investment.
The course is taught by nationally renowned timber tax expert, Dr. Harry Haney, Jr., Garland Gray Emeritus Professor of Forestry at Virginia Tech.
CFE, CPE, and CLE credits will be available. The cost of the workshop is $250 per person. Breakfast, lunch, and an afternoon snack are included in the registration fee.