The Alaskan interior contains large carbon reserves stored in poorly drained ecosystems. With warming, these areas of the boreal forest may experience more frequent or extensive stand replacing fires, and thus change the primary factors controlling carbon emissions. In 2001, a low-lying area of the Tanana Flood Plain adjacent to the Bonanza Creek LTER burned. Historical changes in vegetation, hydrology and fire at this site were tracked through macrofossil, charcoal and diatom analysis of peat cores. Dating the charcoal layers in the peat cores indicate four fire events in the past 800 years. The paleoecological record reveals a pattern of expansion of the bog after fire. After the most recent fire, a 30m transect was established along a moisture gradient from the center of a sphagnum dominated collapse feature into the surrounding burn. Thermokarst and subsiding soils were observed on the margin of the sphagnum bog in the three years since the fire. This has increased the anaerobic fraction of the soil profile. We hypothesize that, after fire, lowland areas become wetter. This leads to high NEP, greater inputs of labile carbon, and increased CH4 efflux. However, if interior Alaska experiences more abnormally warm and dry summers like that of 2004, future CH4 production may be suppressed by the changing climate.