While there are many reasons to enjoy woodland ownership, paying taxes on your property and the income you derive from them certainly aren’t among them. Making sure that you take every tax break to which you’re entitled can make the process slightly less painful.
In this article we’ve included several possibilities for tax savings. While most are focused on federal taxes, your state may also have some tax deductions and programs that could reduce your tax bill. In either case, remember that tax laws are complex. It’s always a good idea to discuss your specific tax situation with your accountant, your lawyer, or your tax professional.
*This post was written by Mary Lou Jay, a regular contributor to WoodsCamp blog and AFF's WoodLand Magazine.
17 year cicada emergence arrives shortly
Beginning in late April or early May billions of Brood X cicadas will emerge at the same time from their 17-year underground tunneling and feeding. The nymphs are food for animals living underground, and the adults feed every carnivore in the area. Even the many uneaten cicadas give back to the trees as they decay.
Cicadas are not harmful to people or trees although the grooves that females make in tree limbs to deposit their eggs can kill small branches,
Read more: https://www.nbcnews.com/science/science-news/get-ready-brood-x-every-17-years-cicada-swarm-coming-rcna429
TheU.S. Department of Agriculture is requesting public input on a climate-smart agriculture and forestry strategy. The Notice represents an important step toward implementing President Biden’s Executive Order on Tackling the Climate Crisis at Home and Abroad. The Order, signed January 27, states that, “America’s farmers, ranchers, and forest landowners have an important role to play in combating the climate crisis and reducing greenhouse gas emissions, by sequestering carbon in soils, grasses, trees, and other vegetation and sourcing sustainable bioproducts and fuels.”
“USDA is committed to addressing climate change through actions that are farmer, rancher, and forest landowner-focused and that create new market opportunities for the sector in a fair and equitable way,” said Vilsack. “We want your ideas on how to position the agriculture and forestry sectors to be leaders on climate smart practices to mitigate climate change. This includes making the most of USDA programs, developing new USDA-led climate strategies, strengthening existing markets and developing new markets that generate income.”
The Notice seeks information on four topics: climate-smart agriculture and forestry; biofuels, bioproducts, and renewable energy; catastrophic wildfire; and meeting the needs of disadvantaged communities through USDA’s climate strategy.
The Notice will be available for public input until April 30th, and is available online through the Federal Register.
AGENCY: Forest Service, USDA.
The USDA Forest Service is seeking comments from all interested individuals and organizations on the renewal of the National Woodland Owner Survey
information collection. Comments must be received in writing on or before May 10, 2021.
Read the results from Kentucky woodland owner responses to the 2017 and 2018 surveys in the KWOA Winter 2021 Newsletter at https://www.kwoa.net/newsletters.html and on the website New page at https://www.kwoa.net/news/survey-highlights-importance-of-kentucky-family-woodland-owners.
Comment Is Invited
Comment is invited on: (1) Whether this collection of information is necessary for the stated purposes and the proper performance of the functions of the Agency, including whether the information will have practical or scientific utility; (2) the accuracy of the Agency’s estimate of the burden of the collection of information, including the validity of the methodology and assumptions used; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including the use of automated, electronic, mechanical, or other technological collection techniques or other forms of information technology.
For more information on responding to the comment invitation see pages 13520-13522 in Vol. 86, No. 44 of the March 9, 2021 Federal Register.