Timber, taxes workshop to be held in March

Cadillac – The Wexford and Missaukee Conservation Districts’ Forestry Assistance Program has announced it will organize a workshop concerning federal tax provisions related to forestland management and timber sale income for forestland owners, natural resource professionals, tax preparers, and other interested citizens.  The workshop will be held on Tuesday, March 19 from 6:30 to 9:00 pm in the Student Center at Baker College, 9600 E. 13th Street, Cadillac.

The workshop will feature the expertise of Karen Potter-Witter, Ph.D. of Michigan State University. Dr. Potter-Witter holds over 30 years of professional experience in investment and financial analysis and economics. This 2.5 hour workshop will cover the basics that most forest landowners and the professionals working with them, need to be aware of in order to make good decisions related to the income taxes on timber sales.

The workshop will help landowners learn how to minimize the amount of federal income tax paid on timber sale revenue. There will also be a discussion about Michigan’s Commercial Forest Act (CFA) and the Qualified Forest Property Act (QFP).

Cost is $20 per family if paid by March 15, or $25 per family at the door. For more information or to register, contact Kama Ross, District Forester, Wexford Conservation District at 231-775-7681, ext. 3 or kama.ross@macd.org.

The Timber and Taxes Workshop is jointly sponsored by: Michigan Department of Agriculture and Rural Development, Michigan Department of Natural Resources, Michigan State University Extension, and Michigan Association of Conservation Districts.