WVU to co-sponsor forest taxation, estate planning workshop

By The West Virginia Record | Mar 5, 2007

MORGANTOWN -- West Virginia University's Division of Forestry and Natural Resources will join with the West Virginia Division of Forestry's Forest Stewardship Program to host a one-day workshop on forest taxation and estate planning Friday, March 16, in Kearneysville in Jefferson County.

The workshop will provide practical information about income taxes related to timber harvesting and issues associated with forestland estate transfers. Some of the topics to be covered include: recordkeeping for operating and management expenses, land basis, passive losses, capital gains from timber sales, cost-share expenses, inheritance taxes and conservation easements. There also will be a session providing tools and techniques for involving the next generation in forest management.

A $30 workshop fee covers materials, lunch and other refreshments.

The workshop will take place at the WVU Kearneysville Tree Fruit Research & Education Center from 8:30 a.m. to 4 p.m. Deadline for registration is March 12.

For more information, contact Robin Maille, WVU Appalachian Hardwood Center at (304) 293-2941, ext. 2401 or by e-mail.

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