Dr. William L. (Bill) Hoover is a professor emeritus in the Department of Forestry and Natural Resources (FNR) with Purdue University’s College of Agriculture. Bill received his B.S. in Forestry from Pennsylvania State University in 1966, his M.S. in Forestry from Pennsylvania State University in 1972, and his PhD in Forest Economics from Iowa State University in 1976. He had a split appointment in the areas of extension, research and teaching. His primary extension focus is the application of the Internal Revenue Code to owners of forestland and how tax policies affect the decisions of these owners. He is the founder of the National Timber Tax Website and a coauthor of all but the first two editions of the standard reference on the tax treatment of timber published by the USDA Forest Service in cooperation with the IRS. He published with Professor W.L. Mills the first application of portfolio analysis that included forestland.