GFC does not take an active role in, or provide services with regard to, management of trusts, taxes or estate planning. Property owners are encouraged to consult with a licensed professional to receive advice with these matters.

Ad Valorem Tax Assessment of Timber Sold

Conservation Use & Agricultural Preferential Assessment

Passive Loss Rules and Forest Landowner Classifications

Tax Advantages


Helpful Resources

TitleDescriptionDocument Type
Casualty Loss and Involuntary Conversion Applicable for Timberland Owners

A review of some of the Internal Revenue Service rules, regulations and or Revenue Rulings pertaining to Casualty Losses.

PDF
Estate Planning for Forest Landowners: What will become of your timberland?

The purpose of this book is to provide guidelines and assistance to nonindustrial private forest owners and the legal, tax, financial, insurance, and forestry professionals who serve them on the application of estate planning techniques to forest properties.

External Website
Internal Revenue Service (IRS)

The IRS is the nation’s tax collection agency and administers the Internal Revenue Code enacted by Congress.

External Website
National Timber Tax Website

A reference source for timberland landowners; also for accountants, attorneys, consulting foresters and other professionals who work with timberland owners regarding the tax treatment of timber related activities.

External Website
Tax Tips for Forest Landowners

This is a collection of documents published by the Forest Service. It includes previous versions of the “Annual Tax Tips for Forest Landowners” as well as other publications related to the tax treatment of timber and timberland.

External Website
USDA Forest Service – Cooperative Forestry

The Cooperative Forestry unit of the USDA Forest Service works closely with partners to enhance and maintain forests across watersheds and ecosystems, both on private and public land, for the benefits they provide to the American people.

External Website