Are you considering harvesting timber and curious about the tax implications and best strategies?
North Carolina State Extension Forestry will hold a Timber Tax: Landowner Issues and Considerations webinar on November 30th from 1 to 2 pm.
This one-hour webinar presented by Kevin Burkett, CPA from the Clemson University Tax School and Kurt Smith from NC State Extension, will provide an overview on various timber tax topics.
Topics that will be discussed include:
Timber basis, IRS distinctions between a business, investment or a hobby,
What is a back cruise and when is it helpful in determining taxes, When to use form T, and a host of other helpful topics.
To take part in this webinar, register at Timber Tax: Landowner Issues and Considerations — The Webinar Portal (forestrywebinars.net)