Forest Taxation – Hardwood University Workshop

This workshop is aimed at private forest landowners, their accountants and consulting foresters. The objective of the workshop is to discuss how to handle forest taxation during forest ownership, harvest, reforestation, and related issues. Click HERE for a registration form.

Agenda:
8:45 – 9:00              Registration and program introduction

9:00 – 10:15

• Introduction to federal income tax
• Basis determination & allocation
• Reforestation expenses

10:15 – 10:30              Coffee break

10:30 – 12:00

• Income tax considerations during timber sale
• Depletion

12:00 – 12:30              Lunch (provided)

12:30 – 1:30

• Recovering expenses
• Dealing with loss

1:30 –  2:15

• Cost share
• Recordkeeping

2:15 – 3:00              Q&A session

3:00                          Conclusion

About the Speaker:

Dr. Tamara Cushing is an Extension Forest Business Specialist at the University of Florida.  Her primary expertise is in taxation of forests and forest products.  Dr. Cushing holds a forestry degree from the University of Florida, two Master’s degrees – one in Forest Economics and one in Taxation from Mississippi State University, and a PhD from the University of Georgia in Forest Finance.  She works to educate landowners, foresters and tax professionals about the economics of growing trees and tax interactions with forestry in addition to educating landowners about succession. Prior to joining UF in 2021, Dr. Cushing was on the faculty at Kentucky, Clemson and Oregon State and worked for F&W Forestry as a forest economist.  She is an active member of the Society of American Foresters and served as the 2020 President.