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Tax Information for Timber Operations


NEW TIMBER TAX PUBLICATION
The US Forest Service released the 2011 edition of Federal Income Tax on Timber: A Key to Your Most Frequently Asked Questions, a quick-reference guide to timber tax laws impacting woodland owners. Complete with the new tax law updates, this publication provides a timely tax reporting information for the 2011 return filing season. Access publication here:  http://www.fs.fed.us/spf/coop/library/taxpubfaqs.pdf

TIMBER TAX TIPS FOR 2011 Tax rules for timber vary depending on whether your woodland is personal use, investment, or business property. You must make this determination each tax year. See this link for more:  http://www.sfrc.ufl.edu/Extension/florida_forestry_information/events_calendar/files/TaxTips2011.pdf

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