Timber tax courses planned

Debbie Gaddis, forestry tax specialist with the Mississippi State University Extension Service, will teach the six-hour sessions for Webster, Forrest, Lamar, Yalobusha, Jackson, Jasper, Smith, Newton and Adams counties. Foresters and landowners from other counties are invited to attend the most convenient location.

“Many forest landowners do not know the special tax provisions that relate to forestry and therefore pay more taxes than are necessary,” Gaddis says. “Learning about state and federal rules before making harvest and reforestation decisions and then applying them correctly is the most effective way to recover reforestation costs.”

The course will address timber sales and other topics. Gaddis says landowners can make sure their timber sale can be treated as a capital gain by understanding the rules and selling timber in the prescribed fashion. The first course starts Oct. 18 in Eupora, Miss. Anyone interested can contact their county MSU Extension office for the dates, locations and times of the courses near them.

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