The document discusses two main options for income leveling strategies for forest landowners: deferred payment contracts, which allow sellers to delay recognition of income from a timber sale until the following tax year, and installment sales under IRC Section 453, which provide for automatic installment sale treatment when at least one payment is received in a later tax year. It provides details on how deferred payment contracts and installment sales work, eligibility requirements, and special considerations like interest calculations, related party transactions, and dealer dispositions.