Volunteer Opportunity Spotlight

Looking to get more involved with WWOA? Consider joining our Publication Committee!  [Read more…]

Tax Tips for Forest Landowners for the 2017 Tax Year

As you begin to prepare your taxes for the year, head over to the National Timber Tax Website for some helpful resources. Tax tips for the 2017 tax year are now available.

This publication provides up-to-date federal income tax information affecting timber transactions.  It assists woodland owners, logging professionals, foresters and their tax accountants in filing the 2017 tax returns.

(The information presented here is for educational purpose only and is not intended for legal or accounting advice. It is current as of September 30, 2017.)

2017 Annual Meeting Pictures

Pictures from the 2017 Annual Meeting are up!

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Qualified Charitable Distributions from your Individual Retirement Account

If you are over 70 ½ years old you are required to take money out of your individual retirement account (IRA). Normally when you take money out of your IRA this becomes a taxable event and raises your adjusted gross income. If you intend to give this money to charity, your taxable income is reduced by the amount of the gift after the donation. However, your adjusted gross income remains higher.

A way around this is through a Qualified Charitable Distribution (QCD). [Read more…]