Timber Tax Filing for 2015

Meeting Description: 

Timber tax laws have changed due to the new tax law that was passed by Congress in December 2015. Brand new tax provisions on capital gains for timber corporations will affect timber businesses and owners. Business deductions on equipment costs have been increased significantly. Special charitable donation deduction on qualified conservation easement was extended. To help the 2015 tax return filing, this one-hour webinar will cover the rules for timber tax reporting, including the latest law changes. It will cover the 1099 filing that the foresters must know. Bring your tax questions to get answers from the presenter. Who will benefit: landowners, foresters, loggers, timber companies, extension agents, natural resource agency program staff and directors, CPAs, Tax Enrolled Agents, attorneys, and other tax preparers.

Presenter:

Dr. Linda Wang, National Timber Tax Specialist, USDA Forest Service. She serves to provide leadership on forest tax policy, provide income and estate tax education that are important to support private forest stewardship and conservation. She is the author of the Tax Tips and tax publications and she manages the National Timber Tax Website.