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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
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
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
Hot Topic: New Withholding Tables For 2001, Ralph Cross
MTAS Publications: Hot Topics
New income tax withholding tables, effective June 30, 2001.