Taxes

Event
Sat, Jul 30, 2016 - 9:00 am
until 4:00 pm
Women and Our Woods Workshop for Women Woodland Owners

Hidden Valley Nature Center  131 Egypt Rd., Jefferson, ME 04348, July 30, 2016, 9:00-4:00

$45 ($40 for HVNC, Midcoast Conservancy, MOFGA, MFLT members), $25 Students    Scholarships available!!

Women and Our Woods
Event
Sat, Jul 30, 2016 - 9:00 am
until 4:00 pm
Women and Our Woods Workshop for Women Woodland Owners

Hidden Valley Nature Center  131 Egypt Rd., Jefferson, ME 04348, July 30, 2016, 9:00-4:00

$45 ($40 for HVNC, Midcoast Conservancy, MOFGA, MFLT members), $25 Students    Scholarships available!!

Women and Our Woods

Empowering Maine’s women woodland owners to steward our forestlands
Article

As a forest landowner, you must keep good records in order to take maximum advantage of the special tax treatments available for timber. At a minimum, you should keep a tree farm journal that lists all activities, costs, and incomes from the forest (see example below). You also should have accounts for land, timber, and other capital assets. When setting up timber basis accounts, it is a good idea to use Form T Forest Activities Schedule as a guide. It may be required when claiming depletion of the timber basis after a timber sale or loss.
Article

I hope most of you don’t need to read this but we need to talk about what to do if you had fire on your property in 2015.  Normally, taxpayers are only able to recover their investment in timber at the time of a harvest.  This is done through the use of depletion.  However, if you have a loss on your property, you can also reclaim some of that investment in the form of a casualty loss deduction.
Article
A special provision allows you to deduct up to $10,000 in reforestation expenditures per tax year, per qualified timber property.
Article
That’s right, it is tax time again. I know, you didn’t need me to remind of you of that. For those of you who had a timber sale in 2014, you will need to report that income on your 2014 tax return.
Article
Linda Wang provides key financial/tax considerations for managing your woods.
Article
Guidelines and assistance to private forest owners and their professional advisors on the application of estate planning techniques to forest properties.
Article
Information about the Washington State - Idaho State Field Day taking place near Newport, WA on June 16, 2012
Article
There are many organizational resources for forest landowners in the Inland Pacific Northwest, and I'd like to bring three to your attention here: Idaho Forest Owners Association; Inland Northwest Land Trust; and University of Idaho Extension.
Article
It's time to be thinking about filing your taxes for 2011.
Event
Sat, Jul 30, 2016 - 9:00 am
until 4:00 pm
Women and Our Woods Workshop for Women Woodland Owners

Hidden Valley Nature Center  131 Egypt Rd., Jefferson, ME 04348, July 30, 2016, 9:00-4:00

$45 ($40 for HVNC, Midcoast Conservancy, MOFGA, MFLT members), $25 Students    Scholarships available!!

Women and Our Woods
Event
Sat, Jul 30, 2016 - 9:00 am
until 4:00 pm
Women and Our Woods Workshop for Women Woodland Owners

Hidden Valley Nature Center  131 Egypt Rd., Jefferson, ME 04348, July 30, 2016, 9:00-4:00

$45 ($40 for HVNC, Midcoast Conservancy, MOFGA, MFLT members), $25 Students    Scholarships available!!

Women and Our Woods

Empowering Maine’s women woodland owners to steward our forestlands
Article

As a forest landowner, you must keep good records in order to take maximum advantage of the special tax treatments available for timber. At a minimum, you should keep a tree farm journal that lists all activities, costs, and incomes from the forest (see example below). You also should have accounts for land, timber, and other capital assets. When setting up timber basis accounts, it is a good idea to use Form T Forest Activities Schedule as a guide. It may be required when claiming depletion of the timber basis after a timber sale or loss.
Article

I hope most of you don’t need to read this but we need to talk about what to do if you had fire on your property in 2015.  Normally, taxpayers are only able to recover their investment in timber at the time of a harvest.  This is done through the use of depletion.  However, if you have a loss on your property, you can also reclaim some of that investment in the form of a casualty loss deduction.
Article
A special provision allows you to deduct up to $10,000 in reforestation expenditures per tax year, per qualified timber property.
Article
That’s right, it is tax time again. I know, you didn’t need me to remind of you of that. For those of you who had a timber sale in 2014, you will need to report that income on your 2014 tax return.