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IRS Releases Draft Schedule and Instructions for Reporting Uncertain Tax Positions

Announcement 2010-30 provides additional details and clarifications regarding the type of information taxpayers will have to provide, but assumes that the IRS has the authority to require a taxpayer to provide information on uncertain tax positions. With Announcement 2010-30 (April 19, 2010...

Tax Tips for Forestland Owners

By Darwin L. King and Edward D. King * Timber Tax Overview - The Big Picture ... The IRS has three possible classifications or categories for forestland owners. The timber owner may be holding the property as either a hobby, an investment, or as a for-profit business. There are different tax...

Tax Tips for Forestland Owners

By Darwin L. King and Edward D. King * Timber Tax Overview - The Big Picture ... The IRS has three possible classifications or categories for forestland owners. The timber owner may be holding the property as either a hobby, an investment, or as a for-profit business. There are different tax regulations...