- January 14, 2021In a new ruling, the Service considered the period of historical patronage business that should be used to calculate the gain…
- April 7, 2020On March 27, 2020, the President signed into law the Coronavirus, Aid, Relief, and Economic Security Act (CARES ACT). The…
- January 3, 2020cThese proposed regulations provide guidance to cooperatives to which sections 1381 through 1388 of the Internal Revenue Code (Code) apply…
- January 7, 2019A new and innovative pilot program called ReConnect will offer federal financing in the form of loans, grants, and loan-grant…
- December 18, 2018Over the past year, we have been posting on the tax bill passed on December 22, 2017, as Public Law…
- February 1, 2018Notice 2018-15 provides that the IRS shall not process applications for, or issue allocations of, the remaining unused authority to…
- January 9, 2018On December 22, 2017, Congress’ new tax reform bill became law as Public Law 115-97 (the “Act”). The Act substantially…
- February 10, 2017Cooperative tax professionals occasionally consider whether patronage dividends, such as QWNAs, are considered equity or debt. The issue was central…
- February 6, 2017The following article is reprinted with permission from CFC Solutions Newsletter (17 January 2017, Vol.19, No.2) Capital credits retired by…
- January 13, 2017The IRS is seeking comments on Form 1120-C, which is the tax return required for most Subchapter T cooperatives other…
- May 13, 2016View the PDF version of this Cooperative Tax Brief here. When it comes to financial losses, many cooperatives are uncertain…
- April 12, 2016What happens when a utility cooperative’s largest customer goes belly up? Industrial and commercial customers can be the largest accounts…
- December 12, 2014Real Estate Investment Trusts and Cooperatives’ Patronage Dividends Some of the more interesting cooperative tax cases involve the interplay of…
- November 3, 2014To view this Cooperative Tax Brief in the traditional PDF format, click here. Introduction What counts as notice of patronage…
- July 1, 2013This post comes from CFC Solutions Newsletter, Vol. 15, No. 25, July 1, 2013. CFC recently filed comments with the…
- May 24, 2013In its 2013 Workplan, the IRS reported a "high level" of incorrect reporting by Section 501(c)(12) cooperatives. These errors primarily…
- August 4, 2012In the latest cooperative tax ruling, the Service ruled that a cooperative’s (“Cooperative”) gain on sale of stock in corporations…
- April 26, 2012C&A attorney David R. Cook recently spoke to a group of cooperative accountants about the role of accountants in cooperatives'…
