Timber

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Alabama Exports Set Another Record – $21.7 billion in 2017

By | 2018-02-26T20:09:58+00:00 February 26th, 2018|International, Manufacturing, News & Events, Timber|

For the second straight year, Alabama exports set a new record.  In 2016, Made in Alabama products topped $20.6 billion.  The 2017 figures, released by Alabama State Commerce Department, show a $1.1 billion dollar increase to $21.7 billion. Alabama exports have surged 21% since 2011 and 50% in a decade, figures indicate. Transportation equipment remained Alabama’s No. [...]

Record Breaking Year for Alabama Exports, Tops $20 Billion

By | 2017-02-20T17:18:20+00:00 February 20th, 2017|Entrepreneurs, International, Manufacturing, News & Events, Press Releases, Timber|

Made in Alabama products topped $20.6 billion – that’s TWENTY BILLION with a B – in 2016.  That represents a 6.4% increase over 2015 numbers, per the US Department of Commerce. The previous high water mark was $19.6B back in 2012. Made in Alabama Alabama exports have risen 48% in the last ten years [...]

IRS Issues Proposed Regulations to Family Owned Entities (§2704)

By | 2017-05-18T22:55:01+00:00 September 15th, 2016|Entrepreneurs, Estate & Trust, Timber|

It’s fourth and long and time is running out! What’s your game plan?  In 1990, Congress passed code Section 2704 intending to limit the aggressive use of valuation discounts utilized by family owned entities.  Many years and several court losses later, the IRS, in August, issued Proposed Regulations to §2704 that are intended to severely [...]

Tax Tips for Forest Landowners for the 2014 Tax Year

By | 2015-12-17T17:56:13+00:00 January 13th, 2015|Corporate & Partnership Tax, Individual Tax, News & Events, Timber|

Linda Wang of the United States Department of Agriculture has created a summary of the newest tax laws related to timber. Tax laws on timber transactions are very specialized knowledge that are not commonly known. Yet they are important to timber owners in terms of the ongoing cost of owning and managing timber, forest stewardship [...]

Mississippi Allows for Creation of Self-Settled Asset Protection Trust

By | 2017-05-18T22:55:07+00:00 August 12th, 2014|Estate & Trust, Timber|

On April 23, 2014 Mississippi became the 15th state to allow for the creation of a “self-settled asset protection trust”.  This new legislation was effective July 1, 2014 and allows the grantor of the trust to transfer assets into trust to protect them against future creditors.  This trust is often referred to as a Domestic [...]

Cathy Rice to Serve on Chattowah Open Land Trust Board of Directors

By | 2017-05-18T22:55:10+00:00 February 19th, 2013|Estate & Trust, News & Events, Press Releases, Timber|

JamisonMoneyFarmer shareholder Cathy Rice has been elected to serve on the Board of Directors for the Georgia Land Trust, Inc., Alabama Land Trust, Inc., and the founding organization The Chattowah Open Land Trust, Inc.  The Board meets quarterly and is dedicated to protecting land for present and future generations, primarily by helping private landowners establish conservation [...]

Hardwood Timber Industry Tax Briefing

By | 2015-06-05T19:01:56+00:00 January 24th, 2013|Timber|

Hardwood Timber Industry The IRS issued a new Audit Technique Guide (ATG) for the hardwood timber industry to be used by examiners auditing taxpayers associated with the industry, including landowners, loggers, truckers, and sawmills. The ATG covers (1) Form T Forest Activities Schedule, (2) income taxation of timber operations, (3) basis in gifts and inherited [...]

New Alabama tax incentive aims to boost farm production

By | 2015-06-05T19:10:57+00:00 July 24th, 2012|Corporate & Partnership Tax, Individual Tax, News & Events, Timber|

A new state tax incentive called The Agricultural Irrigation Systems Tax Credit was signed into law on May 14, which provides farmers who install new irrigation systems or improve existing systems, a one-time tax credit up to 20% of the cost, with a maximum of $10,000 per farm. That's tax CREDIT, not deduction, so it [...]

Conservation Easement Seminar August 9th at JMF with Alabama Land Trust

By | 2017-05-18T22:55:12+00:00 July 10th, 2012|Accounting & Auditing, Estate & Trust, Individual Tax, News & Events, Timber|

If you are looking for CLE or CFE and an informative seminar to attend on conservation easements, JMF and the Alabama Land Trust have put together a slate of presenters, including Timothy Lindstrom and David Wooldridge, that you will not want to miss. This seminar begins with registration at 8:00 am and ends at 3:30 [...]