Timber Tax Update: Part II

Casualty Losses in Timber:  Determining a Deduction

Wednesday, March 18, 2009
2:00 PM EDT to 3:00 PM EDT 


Presented by Deborah Gaddis, PhD. Extension Forester

Forest Taxation Specialist, Mississippi State University

This special one-hour tax program is two in a two-part program that provides an update on timber tax to assist landowners and foresters in the 2009 filing season. This presentation explains the role of basis, or investment value, in determining the allowed deductible loss, the role of the consulting forester in establishing basis and assessing loss in fair market value, and the role of the accountant/tax preparer in reporting the loss

One hour of SAF CFE Category I credits have been applied for.

Web Access Instructions

On the day of the webinar, go to: forestrywebinar.net about 5-10 minutes prior to the start of the session (pay attention to the time zone on the announcements),

1. Click on the link for the webinar of chocie.
2. Enter your name to login (no password is needed)....follow instructions for SAF CFE credit if desired, and
3. The web page will then load and follow the link, the webinar will be brought up (using Elluminate software).
4. Particular use of the Elluminate software will be addressed at the beginning of the session. For those with firewall blocking, getting your IT support to test it the day prior to the event might be necessary (this is rare).

• Technical support for Elluminate go to: www.elluminate.com/support/
• Bob Bardon (robert_bardon@ncsu.edu, 919-515-5575) or
• Eric Taylor (eric-taylor@tamu.edu, 903-834-6191).

• Bill Hubbard (whubbard@uga.edu, 706-340-5070).

Please go to www.elluminate.com/support/ for setting up your computer. You should do this at least 24 hours in advance of a live webinar in case you have any problems that need to be resolved. If you have any hardware or software issues you can call Elluminate Support at 1-866-388-8674, option 2.You will be prompted to download some software which may take anywhere from 2 to 20 minutes depending upon your Internet connection speed. The steps you will complete are as follows:

Check that you have Java installed. If you do not the screen will tell you how to download the latest version of Java.
Make sure your speakers and/or microphone are set up correctly. You will need to enter the "Configuration Room" in order to test your audio setup.
Do the "Recorded Introduction" to get an overview of how to use Elluminate as a participant. This takes about 5-10 minutes to complete