Federal Income Taxes for Timber Growers
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.
Files
- Download the September 2009 revision [PDF, 202 KB]
- Download the August 2006 revision [PDF, 83.2 KB]
- Download the October 2000 revision [PDF, 345 KB]