A 4-page how-to guide to conservation easements.
A link to a reference of the latest current use taxation information and criteria used to determine eligibility.
Answers are provided to common questions about current use by SPACE (N.H.'s current use coalition).
Summarizes the deceptive forestry business practices law (RSA 227-J:15) which requires a written contract, with mutually agreed upon prices and amounts, as well as a time-line for remuneration for all forest products subject to a "notice of intent to cut."
This report examines current use around the state, published in 1995.
Gives suggestions as to how to treat payments made under the Emergency Forest Restoration Program for federal income tax purposes.
Essential Farm Accounting Practices for
Managing Agricultural Income Taxes
Presentations given at the Nov. 18, 2009 workshop on Estate Planning for Private Landowners in NH, especially related to land conservation.
Fourth edition published in 2012 and examines the most common situations noncorporate taxpayers face when calculating federal income tax on their timber holdings. It addresses the type of forest activity, how to qualify for best tax treatment, and reporting and tax forms for many common situations. Taxpayers should consult the other sources of information listed at the end of this publication for a more comprehensive discussion of these issues.
Workshop presentations and handouts including: establishing capital accounts, basis and record-keeping; reforestation tax incentives; cost-share and conservation payments; passive loss rules; operating expenses and carrying charges; depreciation and section 179 deduction; timber sale income; involuntary conversion; forest taxation; and Christmas trees.
This guide updates and supersedes Agriculture Handbook No.718, Forest Landowners’ Guide to the Federal Income Tax, incorporating new tax legislation that was passed and administrative changes promulgated through September 30, 2012.
Describes what is needed to meet the current use requirements of the "forest land with documented stewardship" category.
Describes when "casualty losses" may be claimed for timber damaged or destroyed by hurricane, fire, earthquake, ice, hail, tornado, high winds and other storms.
Managing Agricultural Income Taxes for Profit
Outlines the requirements of New Hampshire's timber tax law.
Topics include: the basics; applying; acreage requirements; land categories and assessment ranges; recreation adjustments; penalties; other issues.
A list of publications are available through the UNH Cooperative Extension Forestry Information Center. If you are interested in receiving any, please check them off and return the list to: Forestry Information Center, 211 Nesmith Hall, 131 Main Street Durham, NH 03824-3597.
Tax tips for forest landowners updated every year by experts with the USDA Forest Service.
Documentation for an online calculator to aid in federal timber tax-related decisions. The online calculator, known as the Timber Basis Decision Model, can be found at https://extension.unh.edu/timber-basis/
A brief overview about an online calculator to aid in federal timber tax-related decisions. The online calculator, known as the "Timber Basis Decision Model," can be found at https://extension.unh.edu/timber-basis/
This technical information release (TIR) provided information to municipalities and property owners regarding timber tax compliance as a result of the 2008 tornado
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