Timber and Taxes Workshop
Date: January 28, 2015
Time: 6:30 to 9 p.m.
Location: Grand Traverse Conservation District located at 1450 Cass Road, Traverse City, MI
This workshop is designed for forest land owners and tax preparers. The 2.5 hour workshop will be presented by Susan Metcalfe, co-owner of Metcalfe Forestry LLC & Burns Timber Tax Service. If you have bought or sold timber within the past three years, or plan to harvest timber, then this is a must see session. The workshop will cover a range of topics involving your potential taxes on the money earned by buying and selling timber, how to keep more money in your pocket and pay less in tax. This will also cover myths common in the forestry and accounting communities, and explain about the capital gains treatment of the purchase and sale of timber. Susan will also explain how some landowners can pay no tax on their timber sale revenue. There will also be discussion about Michigan’s Commercial Forest and Qualified Forest Property Acts, two property tax programs that provide substantial tax benefits to landowners practicing wise forest management.
Cost is $15/person , $20/couple if paid by January 24, or $20/person at the door.
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