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  • Department Of Agriculture Forest Service Timber Sale Contract (applicable To Sales To Be Scaled

Get Department Of Agriculture Forest Service Timber Sale Contract (applicable To Sales To Be Scaled

Egion Pacific S-West Contract Number Award Date Termination Date 03/31/2013 ELK THIN HELI REOFFER RESALE The parties to this contract are The United States of America, acting through the Forest Service, United States Department of Agriculture, hereinafter called Forest Service, and hereinafter called Purchaser. Forest Service having advertised a sale at which either (1) Purchaser, whose required bid deposit is now held by Forest Service as an initial deposit, was the successful bidder, or (.

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When you sell timber, the profit or loss you make is taxed as a capital gain or loss. Capital gains and losses are classified as either short-term or long-term based on how long you held the asset before selling it. The holding period for timber depends on how you acquired it.

ing to Wolf's calculations, after a realistic amortization of costs, the timber program actually generated a net loss to the federal Treasury of $186 million last year. One reason timber sales don't make money is that most national-forest timber is virtually worthless.

Question: It is true, the Department of Agriculture and one of its agencies, the U.S. Forest Service, lose money on timber sales in America's national forest. The question is why? The answer is because the federal government does the replanting after the timber is harvested.

The Forest Service is authorized under several laws to collaborate and work with partners to carry out projects. The three major pathways for receiving federal funding to help carry out projects are: 1) grants and cooperative agreements, 2) partnership agreements, and 3) contracts.

“Timber depletion allowance” and “allowable timber basis” refer to deduction of a portion of timber basis from the net proceeds of a timber sale. The allowed deduction is based on the portion of the timber that was sold.

A typical timber sale contract usually contains the following: a description of the timber to be sold (estimated volume, number of trees and species), which timber will and will not be cut, the selling price (either lump sum or unit price), terms of payment, the location and boundaries of the sale, and time allowed to ...

If you receive income from the sale of lumber, logs or other products produced by the timber itself then you report that income as Ordinary Income. It is also considered Ordinary Income if you sell non-timber forest products such as moss, ferns or medicinal products.

Land exchanges can be effective tools because the Forest Service has very limited authority to sell lands and limited funds for acquiring key tracts.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232