United States

Calculating and reporting current and deferred taxes in timber funds


Download webcast slides

Many timberland investment funds currently have taxable entities within their fund structures, for a variety of reasons. As a result, fund managers are required to consider the deferred taxes that arise due to differences between book and taxable income.

Join us on Wednesday, Oct. 28, as professionals from our timberland investments team share examples of common items that give rise to deferred taxes in timberland fund structures and provide information on how to properly calculate and account for these amounts.

In this webcast we will discuss:

  • Overview of deferred taxes in timberland funds
  • Audit independence background – Registered Investment Advisers
  • Common taxable entities
    • Unrelated business income tax (UBIT) blockers
    • Taxable real estate investment trust (REIT) subsidiaries
    • Foreign subsidiaries
  • Calculating gross deferred tax amounts - best practices and common issues
    • Built in gains from REIT conversion
    • Fair value differences
    • Deferred taxes on taxable foreign subsidiaries
    • Other common basis differences
  • Valuation allowance considerations for deferred tax assets
  • Financial statement presentation considerations

Who should attend?: Chief financial officers, controllers or financial reporting managers of timber investment management organizations, who are interested in learning about common issues that arise when calculating deferred taxes within timberland investment funds.

More information
Contact Rebecca Olsen, or call 205.949.2184