RIGHT OF A TAXPAYER TO DECREASE THE AMOUNT OF WHAT OTHERWISE WOULD
BE HIS TAXES, OR ALTOGETHER AVOID THEM, BY MEANS WHICH THE LAW
PERMITS CANNOT BE DOUBTED.”
US Supreme Court Decision, Gregory vs Helvering, March 19, 1934
As a Christmas Tree or Timber grower the most
important tax question your tax preparer should be able to answer
Do you understand the Internal
Revenue Code Section 631(a) and its tax benefits for me?
Tree growers have a unique opportunity to reap
the benefits of the Capital Gains tax rates while reducing
self-employment taxes at the same time.
We enjoy the opportunity to work with many tree growers that
vary in size from the small choose and cut operations to the some of
the largest wholesale providers in the nation.
As a result, we know
Spectrum CPA Group has advised many tree
growers on income taxation and has consulted with local and national
legislative groups working on behalf of tree growers. We fully
understand the tax implications of IRC Section 631(a) and can help
you determine the benefits it brings to tree growers.
Whether the grower prepares his own return or
has his return professionally prepared by a tax consultant, public
accountant, CPA or the IRS, errors are made that cost tree growers
thousands of dollars.
In addition, it is apparent that IRS agents
have assessed and collected thousands of tax dollars from tree
growers when no tax was due, Many
of these assessments were “honest” errors resulting from
a lack of understanding of the basic fundamentals of IRS
Sections 631(a) and 631(b).
Let us help you uncover the tax benefits
provided in the existing tax laws.