We are knowledgable regarding the tax issues affecting timber and land. With respect to income taxes, these include, but are not limited to; the establishment of basis, and its allocation to timber and land sales; the proper classification of reforestation and other forest managament expenditures; casualty losses; 1031 like/kind property exchanges; and the tax ramifications of conservation easements. We have been involved in Subchapter S and REIT conversions; and have worked closely with attorneys and accountants on numerous individual and entity evaluations for estate and gift tax purposes.