News Release Distributed 10/14/14
BATON ROUGE, La. – The LSU AgCenter will host two timber tax workshops to provide those in the industry with the latest information.
The meetings will be held on Nov. 19 in Baton Rouge and Nov. 20 in Pineville, said LSU AgCenter area forester Brian Chandler.
“The workshops are designed to educate forest landowners, foresters, tax preparers and others on the many special issues of timber taxes,” Chandler said. “It will help attendees understand the unique timber tax rules.”
Workshop topics include key concepts of timber taxes – expense deductions, basis and record keeping, timber casualty losses, reporting timber sale income, planting-cost deductions and reporting cost-share payments.
The speaker will be USDA Forest Service timber tax expert Linda Wang.
“Participants will receive a workbook loaded with information, including presentation materials, example worksheets, sample federal forms and other readings,” Chandler said.
A fee will cover the costs of the handouts, refreshments and lunch. The registration deadline is Nov. 7.
More information about the workshops and registration forms are available for each session. For the Nov. 19 event, contact Brian Chandler at 225-683-3101 or by email. For the Nov. 20 session, contact Robbie Hutchins at 318-767-3968 or by email.
Johnny Morgan