Generally, all income received is taxable unless the tax law excludes, and nothing is deductible unless a provision allows it. Understanding the forestry specific tax provisions and how the general tax rules apply to your forestry activities can help lower your overall taxes through careful tax planning. In this webinar, Dr. Yanshu Li (UGA) describes why a basic understanding of the timber taxation process is essential for forestry professionals and landowners alike. Dr. Li will provide a general overview of federal, state, and regional timber taxation, economic issues related to forest investment and management, economic benefits of forest management, and more.