Forest Taxation: Forest Finance and Timber Tax Education

Forest landowners and tax professionals learn about forest finance, and timber sales and taxation in order to save money on taxes. Earn 8 CFEs.
Forest Taxation: Forest Finance and Timber Tax Education - Online Courses
Skill Level: Beginner, Intermediate
Length of Access: 365 days
Sections: 13
Length: 8 hours
Language: English
Note: Earn a certificate of completion and 8 Continuing Forestry Education Credits (CFEs) from the Society for American Foresters.

Starting at FREE

Starting at FREE


Financial advisers, such as attorneys, accountants, financial planners and small business owners encounter many questions concerning the taxation and planning for forestry operations. The tax code is notoriously complicated and even seasoned professionals may not be familiar with how it applies to forests and woodlots. But understanding these rules can help forest landowners save money. There are unique tax incentives for forest landowners. Choices you make about how to set up your accounts or structure a timber sale can have enormous financial implications.

Using over 50 instructor videos, short readings, and USDA examples, this course will give you a framework within which to understand these concepts, and to work knowledgeably with other members of your tax team or advise forest landowner clients. Detailed explanations about how to work through the examples are provided. The course also provides links to the necessary Internal Revenue tax forms and shows you how to fill them out for each example.As you work through the sections of the course, you can answer short knowledge check questions to make sure you are on track. The course sorts through the vast array of online information to provide you with a comprehensive and concise annotated source of reputable resources, and it provides practical advice for forest landowners when managing records and estate planning.

Upon successfully completing this course by passing short section quizzes, you can earn eight (8) Category 1 Continuing Forestry Education Credits (CFEs) from the Society for American Foresters. If you would like these credits, add the appropriate information when you register.

Who is this for?
  • Professionals such as accountants, lawyers, tax preparers, financial advisers, foresters, natural resource managers
  • Private forest landowners
What will you learn?

You will learn how to:

  • estimate valuation of timber
  • establish capital accounts, basis, and record keeping
  • understand ownership and passive loss rules
  • evaluate the deduction of forestry expenses
  • calculate timber sales and income
  • take advantage of reforestation tax incentives
  • establish cost share programs
  • understand casualty and non-casualty loss
  • calculate depreciation and Section 179 deduction
  • understand conservation easements
  • facilitate Christmas tree sales
  • know the basics of estate planning


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