SALES, AGGREGATE FOR EACH BLOCK, MARCH 1, 1913, TO END OF 1918 133. For the period from March 1, 1913, to the end of the taxable year 1918, inclusive, give for each block for each taxable year separately the data indicated for the aggregate of sales of timber or land or both. These data should be given separately for each timber or land account if there is more than one atcount for the block. The information should be as of the date (or dates) of the sales (or sales). Allocate the total area to 135, 136, and 137. 135. Area upon which there was a stand of merchantable timber, acres. 136. Area upon which there was a stand of young timber still too small to be cut for a useful purpose, acres. 138. Total quantity of timber estimated to be present upon the date of sale, (Unit.) (See note in 56 relating to units; it applies here also.) LOSSES 139. If the taxpayer's standing timber has since March 1, 1913, sustained any losses due to fire, floods, insects, wind or other causes, if the quantity of timber so lost has been definitely ascertained, and if any such losses have been reported in an income tax return to the Bureau of Internal Revenue, give for each timber account separately the data indicated in 140 to 158, inclusive, with respect to each such loss. See Regulations 45, article 141. For each loss to merchantable timber, 141, give the data indicated in 144 to 148 inclusive. 145. If the timber was not destroyed, or rendered useless, but merely reduced in value, show that fact. 146. If any of the timber was salvaged, state the quantity of each species salvaged. 147. If, in addition to the timber directly damaged, there is other timber the value of which has been reduced by the damage, show that fact; state the amount of the financial loss; indicate clearly how that amount was determined. 148. The net financial loss to merchantable timber, $....... For each loss to young timber, 142, give the information indicated in 149, 150, and 151. 149. Describe the young timber injured as clearly as possible with reference to age, size, species of trees, etc. 150. Percentage of original number of young trees killed, 151. Financial loss resultant from damage to young timber, $. .... 1 $. 152. Total financial loss to merchantable timber and to young timber, 153. Approximate date upon which (or dates between which) loss took place 154. Date upon which the quantity of damage was definitely ascertained 155. State how the damage was ascertained... 156. State the name and address of the person by whom the damage was ascertained and state his connection, direct or indirect, if any, with the taxpayer 157. Attach a copy of the report, if any was made. 158. State the year for which the loss was reported in an income tax return to the Bureau of Internal Revenue PROTECTION OF TIMBER 159. Describe briefly any special measures taken by the taxpayer to protect his timber from damage by fire, insects, or other causes. 160. For each year from 1910 to 1918, inclusive, state the amount expended for such protective work. (This should include direct expenditures, payments of assessments to protective associations, taxes collectible and usable solely for protection, etc. No fines or collections of a punitive nature for failure to observe protection laws should be included.) 161. Does this protective work definitely aim to protect the young timber? (Yes or no.) GROWTH 162. If the taxpayer has any data or estimates on the subject, state the approximate rate of increase in the quantity of timber as the result of growth. The information, if available, should be given separately for each of the different types of timber. 163. For merchantable timber-Average annual net growth per acre, (Unit.) 164. For young timber-Average annual net growth per acre, (Unit.) 165. Is the taxpayer managing his timber land with the object of producing one or more crops of timber after the present crop is harvested? (Yes or no.) 166. If "yes," outline briefly the system of management used. VALUATION OF TIMBER BY SPECIES OR GROUPS OF SPECIES 167. In some regions it is customary to cut and remove from the forest one or more species of trees several years before the remainder of the timber is eut. If this is done in logging the taxpayer's timber, and if the value of the species or group of species removed in advance is substantially different from that of the timber remaining, the taxpayer may find that the unit depletion charge, based on the average value of all of the species present, is inequitable. If this is the case, the taxpayer may, subject to the approval of the Commissioner, divide the timber into two or more species or groups of species in valuing the timber for purposes of depletion. If the taxpayer finds such action necessary, a statement should be made at this point showing clearly the necessity for such action. Since the cost of both field and bookkeeping operations will probably be increased, such a step should not be undertaken unless clearly necessary. If such a division into species or groups of species is made, a separate account should be set up on the taxpayer's books for each such division. Under status as of March 1, 1913, 82, above, and purchases, 130, above, there should be introduced data which show clearly the proposed division into species or groups of species; give the total quantity of timber in each division, and state the total and unit value, or cost, as the case may be. TIMBER-CUTTING RECORDS With respect to each block from which timber has been cut in the taxable years indicated, give the data indicated in 168 to 186, inclusive. 1 This unit should be log scale or other unit as measured in the woods. If the scaling was not done as indicated in 74. describe how it was done. If the taxable year does not coincide with the calendar year, give these data for the taxable year. indicating the date of beginning of the taxable year. FORM T-SCHEDULES 176. Give the reasons why the timber was left for later cutting or abandoned. 177. Give a rough description of area from which the timber was cut each year by approximate legal subdivisions; if the taxpayer prefers, he may give this data by submitting a block map showing the area cut over during each of the above years; a map will be more acceptable to the Commissioner. 178. For those areas included in Tables 169 to 175 above, so far as they have been estimated since January 1, 1910, and so far as it is practicable to check the areas estimated by actual cut, give the data indicated in 179 to 186, inclusive, or as much of it as possible. Since a separate table-169 to 175-is prepared for each block, this table also will be prepared separately for each block. 179. Name of block 185. Total of 182, 183, and 184. 186. Percentage by which 185 exceeds Excess or falls short of 181. Shortage A, B, C, D, etc., represent estimates made at different times. For each state the year in which the estimate was made, and the name of the cruiser who made the estimate. DEPLETION CHARGED 1 187. Here enter the amount stated in the taxpayer's income tax returns as an allowance for depletion or as an expense on account of timber cut during Give this information separately for each timber each taxable year indicated. account. Give also a summary table which states the totals for the taxpayer of the data given in the table for the separate accounts. Name of account Dollars per unit 1 of timber. 1 This unit should be the same as that used in 170 above. CAPITAL RETURNABLE THROUGH DEPLETION 188. The data indicated in this table should be given separately for each timber account which you are carrying in your books. A summary table should be given to state the totals for the taxpayer of the data given in the tables for the separate accounts. |