Mar 1, 2021 | Issues, News, Taxes
From Main Street to the Forests, Tax Certainty is Essential FLA is urging Congress to make permanent the Section 199A 20-percent deduction for pass-through businesses permanent by passing the Main Street Tax Certainty Act. For forestry businesses setup as pass-through...
Dec 14, 2020 | News, Taxes
FLA Supports Proposal to Include Timber Business and Forestland in IRS Business Interest Expense Limitation Guidance The Forest Landowners Association gave official comments to the Internal Revenue Service (IRS) and Treasury Department in support of proposed changes...
Aug 10, 2020 | Issues, News, Taxes
The Tax Cuts and Jobs Act created a limitation on the amount of interest expense that can be deducted from a business’s taxes. There are multiple exemptions to this limitation to allow a business to deduct their full interest expense. For FLA members the first...
Dec 18, 2019 | News, Taxes
IRS Confirms No “Claw Backs” on Estate Gifting After Current Policy Expires in 2025 The Treasury Department and the Internal Revenue Service issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts...
Mar 27, 2019 | Natural Disasters, Taxes
Senator Rick Scott is calling on the U.S. Department of Agriculture to do more to help the timber industry after Hurricane Michael. H.R. 1444, the Forest Recovery Act provides fair market value tax deduction for loss of timber due to a catastrophic event. Contact Your...
Dec 7, 2018 | Blog, Property Rights, Taxes
Join live timber tax webinar today at 1:00 pm est! Have you suffered property damage in recent fires, hurricanes, or storms? Want to learn about how to list the damages on your tax returns? Join Dr. Linda Wang, a National Timber Tax Specialist with USDA Forest Service...
