The West Virginia Division of Forestry Forest Stewardship Program is hosting two, one-day workshops on forest taxation and estate planning Feb. 22-23 in Romney and Morgantown.
Experienced faculty members from West Virginia University’s Division of Forestry and Natural Resources, WVU Extension and Penn State University will present the sessions.
Both workshops will provide practical information about income taxes related to timber harvesting and issues associated with forestland estate transfers. Some of the topics to be covered include recordkeeping for operating and management expenses, land basis, passive losses, capital gains from timber sales, cost-share expenses, inheritance taxes and conservation easements.
A workshop fee of $50 includes materials, lunch and other refreshments. Participating foresters may receive continuing education credit.
The first workshop is scheduled Feb. 22 in Romney at the South Branch Inn. The second workshop will take place on Feb. 23 in Morgantown at the Quality Inn and Suites. Both workshops will run from 9 a.m.4 p.m.
The deadline for registration is Feb. 17.
For more information, contact Robin Maille, West Virginia Forest Stewardship Program Education and Outreach Coordinator at 304-293-2941, ext. 2401 or by e-mail,