• 2016 Texas Timber Tax Workshop

    Many landowners continue to pay more than their fair share of taxes on their timber income. Even forest landowners who use accountants need to understand how timber expenses and income are taxed, since some tax preparers are not well versed in special tax treatment for forestry. Knowing the tax laws will give you an advantage in planning your forest management activities.

    The daylong workshop will provide basic information about timber taxation and the latest changes to tax laws and rules for 2015 tax return preparations. Topics will focus on federal timber income tax issues for private forest owners with a refresher on local timberland property tax incentives. Participants will gain a clear understanding of commonly misunderstood timber tax issues.

    Who Will Benefit

    The workshop is designed for forest landowners, consulting foresters, accountants, attorneys, and others who work with forest landowners in matters pertaining to timber taxes.

    Download the workshop brochure

     + Speakers
    Dr. Harry L. Haney, Jr.

    Dr. Haney is the Garland Gray Emeritus Professor, Department of Forestry, Virginia Tech, Blacksburg, VA. He is a nationally recognized expert with over 40 years of experience in timber taxation, estate planning and financial analysis. He has written numerous technical publications on forestry investment analysis, timber taxation, and forest management. He is coauthor of the widely-referred book on timber taxation, Forest Landowners’ Guide to the Federal Income Tax (Agriculture Handbook 718). He has written frequently for Virginia Forests Magazine and Forest Landowner magazine on timber taxes and financial management issues.

    Mr. Garvey Jackson, CPA

    Mr. Jackson is an experienced CPA working with Axley & Rode, LLP.

    Mr. Joe Holcomb

    Mr. Holcomb is Agriculture and Timber Land Appraiser at Property Tax Assistance Division, Texas Comptroller of Public Accounts.

     + Continuing Education Credits
    The workshop qualifies for Continuing Education Credits: CFE (foresters) 7.0 hours, CLE (loggers) 6.0 hours, CPE (CPAs) 8.0 hours, and CPT (property tax professionals) 7.0 hours. No course prerequisites.
     + Agenda


    8:00 - 8:30
    • Registration
    8:30 - 10:00
    • Introduction to the Federal Timber Income Tax
    • Record Keeping, Reforestation Expenses
    • Basis Determination and Amortization
    10:00 - 10:15
    • Break
    10:15 - 10:55     
    • Texas Timberland Property Tax
    10:55 - 12:00
    • Form T and other related Tax Forms: Detailed Explanation
    12:00 - 1:00
    • Lunch (provided)
    1:00 - 2:30
    • Cost-Share Payments under Section 126
    • Income Tax Considerations during Timber Sale
    • Capital Gain: Introduction and Implications
    2:30 - 2:45
    • Break
    2:45 - 4:45
    • Practical Issues during Tax Filing
    • Discussion on current tax related issues
    4:45 - 5:00
    • Use of Advanced Technology in Record Keeping: A Demonstration of
    • Adjourn
     + Time & Location

    Feb 16, 2016 (Tuesday, 8:00 am - 5:00 pm)

    Lottie and Arthur Temple Civic Center
    601 Dennis St., Diboll, TX

     + Registration

    Registration Options:

    1. Register for the event online.

      ==REGISTER NOW==

      (Only use this if you are attending with someone who has already registered and do not require a workbook!)

    2. Call (979) 458-6630 to register by telephone.

    3. Download a registration form and fax it to the number on the form or mail it to the address below.  You will need a copy of the free Adobe Acrobat Reader to view and print this application form.

      Mail the form with payment to:

      Attn: Jennifer Hayes
      Timber Tax Workshop
      Texas A&M Forest Service
      200 Technology Way, Suite 1281
      College Station, TX 77845-3424

    Registration is $75 and includes a workbook, catered lunch and refreshments. Registration for an additional member (no workbook) is $30.

     + Contact
    If you are interested in exhibiting at the workshop or want to know more about the event, please contact Jennifer Hayes at (979) 458-6630 or