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Getting Started

Timberland Acquisition

Management Plan

Structuring Ownership

Criteria
Title to Property
Selecting the Appropriate Structure
Business Structures
Business Forms
Sole Proprietor
Partnership
Corporation
S Corporation
Limited Liability Company
Trust
Non-Business Forms
Tree Farm

Timberland Appraisal

Purpose and Use of Appraisals
Types of Value
Highest and Best Use
Property Rights
Valuation Process
Appraisal Methods
Reconciliation
Appraisal Reports
Specific Purposes
Licensing & Certification
Appraisal Websites
Price Reports
Papers & Publications

Determine Your Basis

Purchased
Inherited
Gifted
Exchanged
Calculate your Basis

Record Keeping

Land Accounts
Timber Accounts
Equipment & Buildings

Management & Operating Expenses

Investment
Business
Hobby or Personal Use
Carrying charges
Uniform Capitalization Rules

Reforestation Expenses

Guidelines
Restrictions
Calculating the Amortization Deduction & Investment Tax Credit
Reporting the Amortization Deduction & Investment Tax Credit
Income Recapture Rules
Trees Planted for Landscaping

Cost-Share Payments

Cost-Share Programs
Reporting

Depreciation

Methods
Section 179 Election

Casualty Losses

Basic Rule
Timber Casualty Losses
Shade Trees
Non-casualty losses

Timber Sales & Income

Basic Rule
Form of Disposal
Section 1221 Property
Section 1231 Property
Capital Gains
Netting Procedures
Spreading Income
Passive Loss Rules
Timberland Sales
Timber Sales
Lump Sum Sale
Installment Sale
Section 631(a) Transactions
Section 631(b) Transactions
Shares Contract
Forest Products

Conservation Easements

Establishing
Tax benefits

Christmas Trees

Expenses
Capital Gains

Form T (Timber)

Form T (Timber)

Exchanges

Like-kind Property
Related Partys

Electronic Filing

Electronic Filing

State tax Laws

Quick Reference Guide
Property Taxes
Income Taxes (coming soon)
Other Resources

Estate Planning

Planning Guides
Conservation Easements
Estate Tax Resources

Publications

Ag. Handbook #718, Forest Landowners Guide to the Federal Income Tax
Internal Revenue Service (Forms, Instructions, Publications)
Tax Articles
Historical Documents
US Forest Service Publications

Tax Research

Case Law
Revenue Rulings
Private Letter Rulings
Regulations
Internal Revenue Code
Public Laws
Research Process

Master Index

Master Index

Important Links

Federal Agencies
University Extension Websites
State Natural Resource & Forestry Agencies
Forestry Related Organizations

Tax Workshops

Timber Tax Workshops

Tax Policy

Tax Policy