Tax Information
Tax Credits
Tax Code
Timber Tax
- Timber Tax Definitions
- National Timber Tax Web site - provides timber tax information on all aspects of forest land taxation.
Tax Planning
- Agriculture Handbook 718, titled, "Forest Landowners' Guide to the Federal Income Tax," Topics covered include property exchanges, casualty losses, conservation easements, self-employment taxes, alternative minimum tax for individuals, Christmas tree production, and a system for record keeping. (English; PDF format)
- How to Determine Your Timber Basis
- Tax Treatment of Timber Sale
- Income Tax Deduction for Timber Casualty Loss - Sept. 2008. (English; PDF format)
- Casualties, Thefts, and Involuntary Conversions: Some Income Tax Tips for Woodland Owners (English; PDF format)
Tax Form Preparation
- Tax Tips for Forest Landowners - 2008 Tax Year (English, PDF format)
- Maintaining Woodland Tax Records (English; PDF format)
- Selling Timber: Capital Gains versus Ordinary Income (English; PDF format)
- Timber Basis for Federal Income Tax (English; PDF format)
- Federal Tax Primer for North Carolina Christmas Tree Growers
- Recovering your Timber Management Costs-Operating Expenses
- Recovering Timber Costs – Capital Expenditures
- Tax Treatment from Timber Sales
- Timber Losses Through Casualty, Theft, or Condemnation – Tax Treatment
Estate Planning
- Basic Estate Planning (English; PDF format)
- Estate Planning
- Estate Planning for Forest Landowners - What Will Become of Your Timberland? (English; PDF format)
Filing
iFile allows
taxpayers to file their Virginia 760 individual income tax returns online.
Last modified: Monday, 19-Oct-2009 15:41:10 EDT
