乐动体育注册

Forest Taxation: Forest Finance and Timber Tax Education

Tax professionals and forest landowners learn about finance, taxation, and timber sales and taxation in order to save money on taxes. Earn 8 CFEs or 8 IRS CEs.

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Forest Taxation: Forest Finance and Timber Tax Education - Online Courses
Skill Level: Beginner, Intermediate
Length of Access: 365 days
Sections: 13
Length: 8 hours
Language: English
Note: Earn a certificate of completion and 8 CFEs or 8 IRS CEs.
$160.00

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Description

Credits Offered:
Professional Education
8 credits

Professional Education
8 credits

Continuing Education Credits

乐动体育注册Upon successfully completing this course and passing a final quiz, you can earn either:

  • 8 Category 1 Continuing Forestry Education Credits (CFEs) from the Society for American Foresters. Provide your state license / registration number when you register.
  • 8 IRS Continuing Education Credits (CEs) from the Internal Revenue Service. Provide your Preparer Tax Identification Number (PTIN) when you register.

CPE credits with the PA State Board of Accountancy are currently not provided乐动体育注册 for this course. If you are seeking this type of credit please check back for updates.

Course Description

乐动体育注册Small business owners, attorneys, accountants, financial planners and advisers, and landowners encounter many questions concerning the taxation and planning for forestry operations. The tax code is notoriously complicated and even seasoned professionals may not be familiar with how it applies to forests and woodlots. But understanding these rules can help forest landowners save money. Choices you make about how to set up your accounts or structure a timber sale can have enormous financial implications.

Using over 50 educational videos, short readings, and USDA examples, this course will give you a framework within which to understand these concepts, and to work knowledgeably with other members of your tax team or advise forest landowner clients. Detailed explanations about how to work through examples are provided. The course also provides links to the necessary Internal Revenue tax forms and shows you how to fill them out. As you work through the sections of the course, you can answer short knowledge check questions to make sure you are on track. The course sorts through the vast array of online information to provide you with a comprehensive and concise annotated source of reputable resources, and it provides practical advice for forest landowners when managing records and estate planning.

Who is this for?
  • Professionals such as accountants, lawyers, tax preparers, financial advisers, foresters, and natural resource managers
  • Private forest landowners
What will you learn?

乐动体育注册You will learn how to:

  • estimate valuation of timber
  • establish capital accounts, basis, and record keeping
  • understand ownership and passive loss rules
  • evaluate the deduction of forestry expenses
  • calculate timber sales and income
  • take advantage of reforestation tax incentives
  • establish cost share programs
  • understand casualty and non-casualty loss
  • calculate depreciation and Section 179 deduction
  • understand conservation easements
  • facilitate Christmas tree sales
  • know the basics of estate planning

Instructors

Water Energy Food Nexus Bioenergy Agroforestry Forest Economics and Finance International Forestry Forest Extension Non Timber Forest Products

More by Michael Jacobson, Ph.D. 

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