Timber Tax Update
In a continuing effort to provide tax professionals and educators with the latest information on the tax treatment of timber, the U.S. Forest Service presented timber tax update via web conferencing on August 2, 2006. The presenters included Neal Bungard, Forest Legacy Specialist, USDA Forest Service, Northeastern Area; John Greene, tax specialists, USDA Forest Service, SE Research Station; Bill Siegel, Attorney at Law, New Orleans, LA; Mark Koontz, webmaster for the National Timber Tax Website, and Bill Hoover, Professor of Forestry, Purdue University. The presentations given during the web conference are available below as PowerPoint presentations.
- Changes in the tax law related to Reforestation Costs (Bill Siegel)
- Section 179 Expensing - Election to Expense Certain Depreciable Business Assets (Bill Hoover)
- Section 199 Deduction - Domestic Production Activities Deduction (Bill Hoover)
- Timber Capital Gains (Bill Siegel)
- Casualty Losses - Whats the Single Identifiable Property (SIP)? (Bill Hoover)
- Casualty Losses - Before and After Appraisals (Bill Siegel)
- Forest Recovery Provisions for the Hurricanes of 2005 (John Greene)
- Conservation Easements and Appraisals (Neil Bungard)