Taxes

Federal Timber Taxes

National Timber Tax Website was developed to be used by timberland owners, as well as a reference for accountants, attorneys, consulting foresters and other professionals who work with timberland owners regarding the tax treatment of timber related activities.  It contains numerous links to publications, webinars and other sources of tax information for forest land owners.

They have several videos available about taxation of forest land, presented by Dr. Tamara Cushing, Clemson University Extension.

Understanding Basis for Timber and Forest Land

Taxation of Forestry Income

Forestry Tax Incentives

U.S. Forest Service Forest Taxation website provides numerous up-to-date publications and links related to federal timber taxes.

The Federal Tax Code Version 2018, by Dr. Tamara Cushing, National Woodlands, Winter 2018, summarizes how the changes in the tax law may affect forest land owners.

Tax Tips for Forest Landowners For the 2017 Tax Year.  Dr. Linda Wang. USDA Forest Service.

Forest Landowners Guide to the Federal Income Tax is a comprehensive manual about forest taxes. Unfortunately it has not been updated since 2000, but the basic principles are still valid.  USDA Agriculture Handbook 718. 171 p.

 

Washington Timber Taxes

Forest Excise Tax must be paid on all timber harvested from private land in Washington. 

The Washington Department of Revenue has several resources to help you understand this tax.

Understanding Washington's Forest Excise Tax is a 2-page pamphlet that summarizes the tax.

Their Forest Tax web page provides numerous links with further information on the Forest Excise Tax.

Business and Occupation Tax (B&O) must be paid if the gross receipts from timber harvested exceed $100,000 in a calendar year.   A deduction for the first $100,000 is allowed under the Extracting B&O tax classification, under the "Other" deduction. Write Small Timber Harvester.  Amounts above $100,000 remain subject to B&O tax.

Washington State Land and Timber Taxes

This is a online class offered by WSU Extension in their Forest Stewardship University.  The fee of $4.95 allows you to access it for at least 1 year after purchasing.