Publications > Internal Revenue Service

Tax Forms, Instructions & Publications - Current year tax forms, instuctions and publications relevant to the tax treatment of timber.
(NOTE: There is an error on page 30 of IRS Publication 535, Business Expenses. The paragrapgh titled "Investment Credit" is incorrect. The Reforestation Investment Tax Credit is no longer available for reforestation expenses that occured after October 22, 2004.)

Industry Specialization Program (ISP) - The IRS initiated the Industry Specialization Program to promote better identification and development of issues to be covered by its Examination personnel in examining tax returns and to ensure uniform and consistent treatment of issues throughout the examination period.

Market Segment Specialization Program (MSSP) - The Market Segment Specialization Program (MSSP) is an Examination program created by the Internal Revenue Service under the umbrella of Compliance 2000. MSSP calls for increasing the level of examiners by establishing teams to conduct an in-depth, internal study of a particular market segment and using that knowledge to develop guidelines specific to the business environment.

Audit Manuals

Timber Casualty Loss Audit Techniques Guide - This memorandum is intended to provide direction to effectively utilize resources in the classification and examination of a forest industry taxpayer.

Field Directive on Timber Casualty Losses - This memorandum is intended to provide direction to effectively utilize resources in the classification and examination of a Forestry Industry taxpayer. This LMSB Directive is not an official pronouncement of the law or the Service’s position and cannot be used, cited, or relied upon as such.

Timber Industry - These guidelines deal with issues and auditing techniques peculiar to the timber industries and those who derive income from timber transactions. These auditing techniques have been developed from actual examinations.