"This study examines federal and state income, property, inheritance, and estate taxes, and also certain related financial policies, to identify the policies that create incentives or disincentives for good forest management"--Page v

Taxation imposes a burden on all forms of enterprise. The business of growing forests carry a reasonable share of the load. It is widely believed that the existing tax system imposes more than a reasonable share on forestry and discourages the use of private land for this purpose. This report contains the more important results of a Forest Service investigation on this subject. It presents a background of facts about the existing methods of taxation and their relation to forestry. It weighs the effects of taxation on forest management. It develops the principles of sound forest taxation.

Part 22 of the 24-part Forest Stewardship Series. The Forest Stewardship Series is a 24-part free online publication that provides owners of California forestland with a comprehensive source of information pertinent to the management and enjoyment of their lands. This information will help you formulate and implement strategies for achieving your personal goals as a landowner. The series provides an introduction to the lifelong study of forest stewardship that is part of owning forest property.

Provides a framework for analysis of timber invest. and a chapter on timber tax planning. Discusses Fed. income tax considerations for timber incl.: capital costs, reforestation tax incentives, depreciation, operating exp. and the passive loss rules, timber income and capital gains, gov't. cost-share pay., casualty losses and other involuntary conversions, conservation easements, install. sales, alternative min. tax, self-employ. taxes, Xmas tree prod'n., and form of timberland ownership and bus. org'n. Explains how to research tax questions and sources of tax assistance.