Wednesday, October 8, 2008

2008 Timber Tax Tips

The United States Forest Service - Cooperative Forestry unit has released a 2-page document called Tax Tips for Forest Landowners for the 2008 Tax Year by Linda Wang, Forest Taxation Specialist and John L. Greene, Research Forester, Southern Research Station.

This bulletin provides useful information for forest landowners, loggers, and timber businesses to prepare their 2008 tax return. More tax information can be found at the VDOF Website Tax Information page, including Agriculture Handbook 718, titled, "Forest Landowners' Guide to the Federal Income Tax.

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