The master index is an alphabetical listing of timber tax related issues. Before you proceed it is important that you understand how it works and some of the abbreviations used.
Click on a letter below to research a specific topic. Within in each main topic heading are sub-headings and/or links to the relevant material.
The following abbreviations are used throughout the index:
Ag. Handbook - Refers to the "Forest Owners' Guide to the Federal Income Tax" Agriculture Handbook No. 718; US Forest Service
IRC Sec. - Refers to the Internal Revenue Code. The primary statutory source of the federal tax law, a collection of laws that have been passed by Congress and incorporated in Title 26 of the United States Code.
Reg. - Refers to a Internal Revenue Regulation. A regulations is an interpretation or clarification of the provisions of a portion of the IRC, issued by the Treasury under authority granted by Congress. Legislative regulations directly create the details of a tax law. Both general and legislative regulations carry the force of the statute, unless they are held to be invalid in a judicial hearing.
Rev. Rul. - Refers to a IRS Revenue Ruling. A revenue ruling is a pronouncement of the Internal Revenue Service concerning its interpretation of the application of the Internal Revenue Code to a specific taxpayer-submitted fact situation. Can be relied upon as precedent by other taxpayers who encounter similar fact patterns. Revenue Rulings are published in the Internal Revenue Bulletin.
This master index has been reproduced from FNR-80 "Timber Tax Management" for Tree Farmers.