Do you understand how to save money on your forestry taxes? Many landowners pay more taxes than they need to because they don’t understand how timber expenses should be reported and how they are taxed.
The Woodland Stewards Extension Program for Landowners is sponsored by Southern Regional Extension Forestry and aims to promote environmental and forest health through forestry education of landowners.
This year Woodland Stewards is holding a five part series of Forestry Tax webinars to help landowners save money on their forestry taxes on Tuesdays at 1 pm from January 18th to February 15th.
The first webinar in the series, Seeing the Forest for the Trees: An Overview of Forest Taxes, will be held on January 18th from 1 to 2 pm ET
In this webinar, Certified Public Account Andrew Bosserman, and extension educators Dr. Gregory Frey and Dr. Shaun Tanger, will provide an overview of forestry taxes including a summary of the different types of taxes that forest landowners pay, terminology used and more!
This presentation will also include the ins and outs of classifying your forest land as a business, investment or personal property including how to qualify for a profit motive classification. Presenters will also share their record-keeping tips.
To take part in this webinar, or others in this series, register at https://sref.info/woodland-stewards/2022