Publisher's Synopsis
This material is for training purposes only. Under no circumstances should the contents be used or cited to sustain a technical position. This Industry Guide is intended for Examiners conducting audits in the hardwood timber industry and as information for taxpayers and practitioners associated with the hardwood timber industry. Review of this guide is recommended prior to initiating an audit. Users of this guide may need to research specific tax issues and new tax law in addition to referencing this guideline. Many aspects of federal tax law are relevant to the hardwood timber industry. This guide is intended only to assist with the most common timber/forest product issues.
