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Confused about how to advise landowners on timber tax-related issues? Wondering how to help landowners reduce their taxes? Looking for information on how taxes impact returns from forestland investments?
The answers to these questions and more are addressed in this course. You will get the most current information about the incidence of federal income taxes on timber resource management, including changes from tax acts, IRS regulations, and case precedents. You will learn about the implications of tax changes for timber investment, marketing, and management planning. A combination of lectures, hands-on exercises, and discussions will guide you through the complex world of taxes.

Forestland managers, consulting foresters, accountants, attorneys, landowners, and others who work with forest owners in matters pertaining to timber-tax management.

The fee for this course is $445, which includes lunches, refreshment breaks, and instructional materials. There is a $50 discount for fees paid by check or credit card and postmarked by November 13, 2006. Preregistration must be accompanied by check, purchase order, or credit card number to guarantee a place in the course. Limited seating is available.

Harry L. Haney, Jr., is an expert in forest finance, timber income tax, and estate planning and travels throughout the nation teaching these subjects. His courses consistently receive excellent evaluations.
Haney has coauthored books on forestry investment analysis, federal income tax, and estate planning and has written numerous technical publications about forestry. His extensive experience in forestry includes working with the forest industry, forestry associations, public agencies, forest landowners, and educational institutions.
Haney serves as the Garland Gray Emeritus Professor of Forestry in the Department of Forestry of the College of Natural Resources at Virginia Polytechnic Insti tute and State University. He manages his family timberland with his wife, Jacqueline, and daughter, J. Lee Haney, Esq.

- 12 Continuing Forestry Education Hours Category 1
- 12 Continuing Logger Education Hours in
Business Management
- 14 Continuing Professional Education (CPE) Hours for Accountants in Georgia
- 12 Continuing Legal Education (CLE) Hours for Attorneys in Georgia applied for
- 12 Continuing Education hours approved by the
Georgia Real Estate Appraisers Board. The Georgia Real Estate Commission accepts these hours.
Full Attendance Is Mandatory to Receive Credit.
If you are not satisfied with this course, we will refund your registration fee.
Third Course Free!
Attend two forestry courses in 2006 as a paid participant and get the third course (with equal or lower course fee) for free. Contact Nette Penn, at 706-542-6658 or Nette.Penn@georgiacenter.uga.edu, before you register for the third course.
Fourth Person Free!
Register three people from your organization and the fourth person is free. All registrants must be with the same program (same address and same budget), and the registration fees must be paid in advance by check or credit card.
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Monday, December 4, 2006 |
8:00 am |
Registration |
8:30 |
Session I
- Introduction to the Federal Income Tax Process
- Record Keeping for Capital Expenditures
- Capital Expenditures and Cost Recovery
- New Reforestation Expense Provisions
- Modified Accelerated Cost Recovery System (MACRS) and Section 179 Business Deductions
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Noon |
Lunch (included in registration fee) |
1:00 pm |
Session II
- Forestry Operating and Management Expenses Relationship to the Passive Activity Loss Rules
- Taxation of Timber Sale Income Importance of Capital Gains Treatment
- Timber Depletion and Basis Recovery
- Other Timber-Related Income
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4:30 |
Adjourn |
4:45-5:45 |
Professional Ethics in Forestry (optional) |
Tuesday, December 5, 2006 |
8:00 am |
Session III
- Alternative Minimum Tax
- Cost-Share Payments and Exclusion Under Section 126
- Tax Strategies for Selling Timber--Installment Sales and Other Procedures
- Tax Planning and Form of Ownership (Partnerships, Corporations, LLCs, Trusts, and Estates)
- Tax-Free, Like-Kind Exchanges
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11:30 |
Lunch (included in registration fee) |
12:30 pm |
Session IV
- Casualties, Thefts, Condemnations, and Other Timber Losses
- Timber and the Self-Employment Tax (Social Security)
- Tax Implications of Employee vs. Independent Contractor
- Income Tax Impacts on Investments
- Christmas Tree Taxation
- An Overview of State Income Taxes
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4:30 |
Adjourn |

This optional one-hour course focuses on case studies to illustrate the place of ethics in the practice of forestry. It meets the ethics requirement for registered foresters in Georgia.

The Georgia Center for Continuing Education Conference Center & Hotel,
located on the beautiful, historic campus of the University of Georgia in Athens, Georgia, provides innovative lifelong learning opportunities that develop intellectual and human potential. A full-service living and learning environment, the Georgia Center includes a 200-room hotel, restaurants, banquet areas, conference rooms, auditoriums, a fitness center, and computer labs all under one roof. As a unit of UGA's Office of the Vice President for Public Service and Outreach, the Center brings the University's teaching, research, and service expertise to the people of Georgia and beyond! For more information, visit www.georgiacenter.uga.edu.
Special Needs:
If you require special services, facilities, or dietary considerations, contact your event coordinator, Nette Penn at 706-542-6658 or Nette.Penn@georgiacenter.uga.edu prior to November 27, 2006.
Lodging (Georgia Center Hotel):
A block of rooms is being held for your conference until 5:00 p.m. ET, November 10, 2006. Policies: (1) Tax Exemption The State of Georgia only allows tax-exempt charges for a payment by a state-issued credit card or check or by a direct bill to a state agency (with a Georgia State Tax Exemption Certificate). (2) Lodging Cancellation Cancel your reservation by 4:00 p.m. ET the day prior to your scheduled arrival to avoid being charged one night's room and tax. (3) At check-in, you must present your credit card or a completed credit card authorization form (for a copy, call 800-884-1381, Mon.-Fri., 8:00 a.m. to 5:00 p.m. ET). Note: The Georgia Center is a smoke-free building; all lodging rooms are nonsmoking.
Travel Information:
Athens, Georgia, is located about 60 miles northeast of Atlanta. For directions, see www.georgiacenter.uga.edu/conferences/about/directions.phtml. A parking deck is located adjacent to the Center (hourly rates, maximum $8 each 24-hour period; vehicle height limit, 7 feet). Athens is served by two airports. Athens-Ben Epps Airport offers connecting flights to and from Charlotte, NC. Hartsfield-Jackson Atlanta International Airport is located about 90 minutes southwest of Athens, with scheduled ground shuttle service and rental car service available between the airport and the Georgia Center.
Program Cancellation Policies:
(1) Full refunds are available for cancellations made by 5:00 p.m. ET, November 22, 2006. No refunds will be issued thereafter; substitutions will be allowed. (2) If a program is cancelled for any reason, the Georgia Center will not be responsible for any charges related to travel. (3) If for unforeseen and unavoidable circumstances an instructor is unable to attend, the Georgia Center reserves the right to substitute a comparable instructor.

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