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Annual workshop to highlight tax law changes

LUFKIN, January 17, 2014— With tax season around the corner, it is important that forest landowners stay informed on the latest updates to tax laws regarding their timberland properties.

The 2014 Texas Timber Tax Workshop scheduled for next month in East Texas will provide information on special timber tax laws and rules, helping attendees understand recent changes before filing taxes.

“That’s why this workshop is important. Landowners will be up-to-date on federal timber tax laws, which often change,” said Omkar Joshi, Forest Economist for Texas A&M Forest Service.

This annual workshop hosted by Texas A&M Forest Service and Texas Forestry Association, is an all-day event that gives hundreds of foresters, landowners and other professionals the training and education needed for applying new tax rules, which could prove as an advantage in forest management planning.

“Tax laws aren’t simple and timber taxation rules can be even more complex,” said Joshi. “We want landowners to be fully aware of the many favorable tax provisions and help them to determine appropriate basis of their property.”  

The workshop is scheduled for Tuesday, Feb. 18, from 7:45 a.m. to 4:45 p.m., at the Pitser Garrison Convention Center, 601 North Second St., Lufkin, TX. Registration is $70 and includes a workbook, lunch and refreshments.

The workshop is designed for forest landowners, consulting foresters, public accountants, loggers, attorneys, and anyone who deals with timber taxes. Participating in this workshop also qualifies for continuing education credits.

For more information or to register, go http://texasforestservice.tamu.edu/timbertaxworkshop. Or contact Dawn Spencer at 979-458-6630 or dspencer@tfs.tamu.edu.

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