Federal Income Tax on Timber - A Quick Guide for Forest Owners

By: USDA Forest Service

This publication provides a quick reference on timber tax laws that are important to woodland owners. It presents concise and easy-to-understand explanations of
issues related to woodland owners. The intended audience includes woodland owners, loggers, and consulting foresters who need a basic understanding of Federal income tax rules on the management of woodland property. The publication is also a valuable resource for tax practitioners: certified public accountants, tax managers, enrolled agents, attorneys, and tax return preparers who seek a quick overview of timber tax rules.

Since the first income tax Form 1040 appeared in 1913, many timber tax provisions, which are commonly unknown by tax professionals, have been added to encourage management and stewardship of private woodland. This publication is prepared to help woodland taxpayers and their professional advisors learn and use these tax laws.

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