A unit of Lasting Forests evolving since March 30, 1999
A Total Forest Management Plan and Wildland Management Decision Support System
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Tax Management for the Wildland System

Computing actual and potential costs of the wildland operation itself is very difficult, especially when 10-20 options of forest or wildland management are studied. Combining all or several of these to estimate an optimum strategy to maximize total landuse profits is one of the most complex problems within forest, argiculture, and wildland management. It is a system under development.

Dr. Harry Haney of Va Tech offers some guidance.

The tax code for forestry and its interpretation is dynamic.

Tax Tips for Forest Landowners for the 2003 Tax Year

Until The Trevey unit is up and running well, please see Tax Tips.

Tax Tips for Forest Landowners see it and related publications click to the Southern Region site, search in the space provided there using the word "taxes" then get printouts.

Here is some information to keep in mind when you prepare your Federal income tax return for the 2003 tax year. This discussion is necessarily brief, and you should consult other sources for a more comprehensive treatment of the issues. This information is current as of December 1, 2003, and supersedes Management Bulletin R8-MB 101. http://www.forestrycenter.org/library/admin/uploadedfiles/showfile.cfm?FileName=Tax_Tips_for_Forest_Landowners_for_the_2003_Ta.pdf

Topics include:

• Capital gains
• Self employment
• Cost-share payments
• Conservatuion Reserve and Easement programs
• Casualty losses
• Management and Maintenance Expenses

Suggestions and proposals for the development of this unit are sought. Staff are currently working with

• The National Timber Tax Website. There you can get the state timber tax law and tax forms.
• Tax tips for Forest Landowners by Larry Bishop supports the LastingForests strategy of designating areas as operated as "materially participating" in a timber business and making the Trevey Plan and precise records very conspicuous.
• Forest Owners' Guide to the Federal Income Tax is also known as USDA Agriculture Handbook 718. It is used by staff (copy available for $15 from US Government Bookstore, First Union Plaza, Suite 120, 999 Peachtree St., NE, Atlanta, GA 30309-3964.)
• Estate Planning for Forest Landowners.

The Trevey staff plan to offer forest and wildland tax services and land appraisal.Sound financial analyses are an essential part of all aspects of wildland optimization within The Trevey. We are especially concerned about achieving an optimum size for forest operations .

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This Web site is maintained by R. H. Giles, Jr.
Last revision January 17, 2000.