by Andrew Bosserman, CPA | Mar 18, 2020 | Timber Tax Resources
This is the first post in a series covering timber tax basics. Part 1 will cover timber activity classification. Future posts will explore issues such as calculating cost basis and depletion, taxation of timber sales, completing IRS Form T, reforestation deductions,...
by Andrew Bosserman, CPA | Mar 10, 2020 | Christmas Tree Tax Resources, Q & A
I recently received a question from a reader that I figured would be helpful to share: Can we deduct our older mature trees that did not sell because they are too old and mature? We need to clear this land for replanting and were wondering if we can write off this...
by Andrew Bosserman, CPA | Mar 10, 2020 | Christmas Tree Tax Resources
One of the most important and significant costs for a Christmas tree grower is their inventory of trees. Each spring, a Christmas tree grower spends a great amount of time, money, and energy to plant seedlings in preparation for future harvests. This inventory is the...
by Andrew Bosserman, CPA | Feb 26, 2020 | Timber Tax Resources
Over the next few months, I’ll be publishing a series of posts exploring the taxation of traditional timber (as opposed to Christmas trees as many of my other posts cover). This series will cover: Activity ClassificationsIncluding Business vs. Investment vs....
by Andrew Bosserman, CPA | Feb 18, 2020 | Christmas Tree Tax Resources, Christmas Trees Magazine, Q & A
I recently received a question from a reader of Christmas Trees Magazine that I figured would be helpful to share: “I wanted to ask why in your example [in Part 3 of “Putting It All Together”] you didn’t have anything for line i on [Part III of] Form T. This is...
by Andrew Bosserman, CPA | Jan 21, 2020 | Christmas Tree Tax Resources, Saving Taxes
Want to watch a video of me explaining the concepts in this article? Check out my FREE course, The #1 Way Christmas Tree Growers Save Taxes! As a former Christmas tree grower, I understand every penny makes a difference in determining whether or not the farm is...
by Andrew Bosserman, CPA | Nov 17, 2019 | Christmas Tree Tax Resources, Christmas Trees Magazine
Please complete the form below to download the sample tax forms to follow along with the article. Your contact information will allow me to keep you in the loop on other Christmas tree tax projects I’m working on. Thank you!
by Andrew Bosserman, CPA | Aug 15, 2019 | Christmas Tree Tax Resources, Christmas Trees Magazine
Please complete the form below to download the sample Form T to follow along with the article. Your contact information will allow me to keep you in the loop on other Christmas tree tax projects I’m working on. Thank you!
by Andrew Bosserman, CPA | Jul 11, 2019 | Christmas Tree Tax Resources, Live Presentations
Please complete the form below to download the slides from my presentations. Your contact information will allow me to keep you in the loop on other Christmas tree tax projects I’m working on. Thank you! Please enable JavaScript in your browser to complete this...
