Reporting Income from Timber Sales 

by Tamara Cushing, Starker Chair of Private and Family Forestry, Oregon State University

That’s right, it is tax time again. I know, you didn’t need me to remind of you of that. For those of you who had a timber sale in 2014, you will need to report that income on your 2014 tax return. If you had the timber for more than one year, that income will qualify as capital gains income. Now why would that matter?  First off, you get a much better tax rate if the income is classified as capital gains. For 2014, the maximum capital gains tax rate is 20% while the ordinary income rate is a maximum of 39.6%! In addition, income that is classified as capital will not be subject to the self-employment tax. That is an additional tax of 15.3% for 2014!

2015 Starker Lecture Series: Douglas-fir 

Event Date: 
Thu, 01/29/2015 - 7:00pm - 9:00pm

Banner for OSU 2015 Starker Lecture Series

Oregon State University Announces the 2015 Starker Lecture Series.

The title of this year's series is "Douglas-fir: The legacy & future of the Pacific Northwest's most iconic tree."

Let’s Go Herping 

It’s that time of year again where we, like our animal counterparts, are apt to curl up into hibernation. Now that the holidays are over and the depths of winter have set in, it is far too easy to spend free time snuggled up inside with fuzzy slippers waiting for warmer weather. Even those of us who live and breathe the outdoors are having trouble finding an excuse to face the cold and wonder outside. However, some animals are just starting to become more visibly active in Western Washington. Mid-January is the start of amphibian (frogs, toads, and salamanders) breeding season! So, leave those fuzzy slippers by the door, put on a pair of mud boots or waders if you got ‘em, and go herping!

Mammal Tracks and Scat: Life-Size Pocket Guide 

Mammal Tracks and Scat: 
Life-Size Pocket Guide
by Lynn Levine
A waterproof, 44 page pocket-size book, with life-size illustrations (Yes, even the bear!)  It’s a guide that’s great for tracking through all seasons.
 
You can store it in your pocket so it’s available whenever you need it.   This guide can be used in any weather.

Timber Harvesting Do's and Don'ts 

Forester and woodland owner Barrie Brusila of Mid-Maine Forestry in Warren, ME shares some of her lessons learned in a simple handout entitled "Timber Harvesting Do's and Don'ts."  

DO:

--work with a licensed forester as your agent, unless you are very knowledgeable about the value of your woodland, market prices, contracts, realistic logging expectations, timber harvesting regulations, etc.

--be clear about your objectives for timber harvesting

--ideally, follow a written forest management plan

--work with a reputable forester and logger

--have well-written contracts with your forester and logger