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2023 Timber Taxation Workshop ZOOM
Hybrid In-person or virtual - Flinchum's Phoenix, 650 Phoenix Road, Athens, GA 30605 and Zoom Webinar
Sponsored by: Warnell School of Forestry & Natural Resources
Date: Dec 04, 2023 07:30 AM to Dec 04, 2023 04:00 PM
Purpose
Timber taxes are one of the major expenses every private forest landowner needs to take care of. Federal and state incentives are available to provide tax relief to qualified forest landowners. However, many of them continue to pay more than their fair share due to lack of knowledge on timber taxation. The recent tax reform added more complexity to it. This course will provide basic information about forest-related federal income taxation and property taxes in Georgia.
We are offering this course as a virtual workshop.
Who Will Benefit?
Forest landowners, foresters, land managers, tax professionals, attorneys, and others who work with forest landowners in matters pertaining to timber taxes
Instructors
Dr. Yanshu Li is an Associate Professor of Timber Taxation and Forest Economics at the Warnell School of Forestry and Natural Resources, University of Georgia. Her areas of research include federal and state forest taxation, economic issues related to forest investment and management, forest products market analysis, economic benefits of forests.
Cancellations
In the event that you need to cancel, in order to receive a refund you must contact Dr. James Johnson (706-308-6396 or james.johnson26@uga.edu) by November 20, 2023.
Agenda
Monday, December 4th
Time | Event |
| 7:30 a.m. | Registration |
| 7:50 | Welcome—Dr. Yanshu Li |
| 8:00 | Introduction: an overview of major timber taxes |
| 9:00 | Federal income tax · Setting up timber accounts and allocating timber basis · Reforestation expenses |
| 10:00 | Break |
| 10:15 | · Forest management expenses · Income tax consideration during timber sale · Tax treatment of cost-share payments |
| Noon | Lunch |
| 1:00 p.m. | · Casualty loss deductions · Strategies to smooth income and like-kind exchanges · Depreciations |
| 2:30 | Break |
| 2:45 | Forest property tax in Georgia |
| 4:00 | Adjourn |
Registration
The last day for early registration is 11/20/2023
The last day for registration is 12/01/2023
Register Now!Early registration through November 20, 2023...………………...$145.00
After 11/20/2023, Registration
Regular registration through December 1st, 2023...………………...$195.00
Continuing Education Credits
· 6.5 Category 1 Continuing Forestry Education (CFE) Hours (applied for)
· 6.5 Continuing Logger Education (CLE) Hours – Environment (applied for)
Instructor(s)
