Three fourths of North Carolina’s commercial timber is owned by individuals with little expertise in tax law accounting. Every year at income tax time, these growers face an extra challenge—the task of dealing with a complex set of federal tax laws governing timber ownership. Understanding some of the intricacies of tax law can help timber owners minimize their tax liability. They can learn how to establish complete records for each tract of timber, how to choose the best method of selling their timber, and how to take advantage of all deductions and tax incentives permitted by law.

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