FARMINGTON — The Franklin County Soil and Water Conservation District and the Local Chapter Small Woodland Owners Association of Maine will host a free regional tax workshop to landowners from 6 to 8 p.m. Tuesday, Jan. 28, at the North Dinning Hall, University of Maine at Farmington.
Jim Norris, IRS forester, will present a workshop on federal income tax for woodland owners. The presentation will include types of forest ownership, cost and income considerations, establishing basis, determining loss or gain, and proper treatment of program payments. Norris will present an example of an actual Maine property for the timber sale portion of the presentation. He will also hold offic’ hours the following day for anyone with questions about how to report timber sale income as well as choices involved in the recognition of USDA-NRCS program payments. Contact at the workshop will establish meeting times the following day.
More information and directions for this workshop can be found atfranklincswcd.org Andswoam.org.
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