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Setting Up The Books: A Forest Owner's Guide To Capital Accounts And Record-Keeping For Federal Income, The University Of Tennessee Agricultural Extension Service Dec 2001

Setting Up The Books: A Forest Owner's Guide To Capital Accounts And Record-Keeping For Federal Income, The University Of Tennessee Agricultural Extension Service

Financial Management

Forest owners have a number of federal income tax incentives available to them. Growing timber can 2 be an income-producing activity, with the trees being considered a capital asset. Income from sales or other disposition of capital assets is then taxed at capital gains rates, as opposed to ordinary income tax rates. Investments in timber can be recovered through depletion deductions and reforestation expenses, qualifying for a tax credit. These provisions and others in the tax code encourage timber production, which is generally considered to be good for both the ecology and the economy. This publication will assist you …


Hot Topic: 2001-2002 State Revenue Estimates, Dick Phebus Jul 2001

Hot Topic: 2001-2002 State Revenue Estimates, Dick Phebus

MTAS Publications: Hot Topics

A summary of what cities can expect to receive from the state shared taxes for the 2001-2002 fiscal year.


Hot Topic: New Withholding Tables For 2001, Ralph Cross Jul 2001

Hot Topic: New Withholding Tables For 2001, Ralph Cross

MTAS Publications: Hot Topics

New income tax withholding tables, effective June 30, 2001.