2020 Timber Taxation Workshop - Tifton

Thursday, February 6, 2020

8:30 a.m.    Registration
8:50    Welcome—Dr. Yanshu Li
9:00    Introduction of the major timber taxes and implications
10:00    Break
10:15     Federal income tax
*Setting up timber accounts and allocating timber basis
*Forest management expenses
*Reforestation expenses
Noon    Lunch (Included)
1:00    Federal income tax (cont.)
*Tax treatment of cost-share payments
*Income tax consideration during timber sale
*Depreciations
2:30    Break
2:45         Casualty loss deductions
*Strategies to smooth income and like-kind exchanges
*Forest property tax in Georgia
Georgia timber tax credit program
The 2017 tax reform bill and forest landowners
5:00 Adjourn