- March 30, 2025The IRS is seeking comment on Form 1099-PATR "Taxable Distributions Received from Cooperatives." Under IRC Sec. 6044, Subchapter T cooperatives…
- February 27, 2025Introduced earlier this month, Senate Bill 341 would exempt certain broadband grants from federal income tax. If enacted, the bill…
- April 9, 2024A recent IRS ruling addresses how one taxable telephone cooperative managed to avoid a devastating taxable gain on the sale…
- September 5, 2023In a recent private letter ruling, the Service addressed a cooperative's reorganization into a for-profit corporation. The transaction qualified under…
- July 18, 2023In a prior post, I addressed new regulations from Treasury Department addressing clean energy tax credit options. The post discussed…
- July 16, 2023In a recent ruling, the Service addressed a telecom cooperative that divested its cellular business to focus on broadband services.…
- February 24, 2023In advising cooperatives, C&A Attorney David Cook relies on the attorney-client privilege to protect communications with clients from disclosure to…
- January 19, 2021Effective January 12, 2021, the Small Business Administration and the Department of the Treasury issued an Interim Final Rule concerning…
- January 18, 2021As part of the 2017 tax reform bill, Congress passed new Section 199A, which authorizes a deduction for “specified agricultural…
- January 14, 2021In a new ruling, the Service considered the period of historical patronage business that should be used to calculate the gain…
- December 7, 2020The Farm Credit Administration has issued an updated informational memorandum for the purposes of providing Farm Credit System institutions with…
- June 6, 2020The CARES Act included economic stimulus packages of $349 billion for Paycheck Protection Program (PPP) Loans and modified the existing…
- February 6, 2020The IRS has provided guidance on how exempt taxpayers, like Section 501(c)(12) cooperatives, can claim a refund after the repealed provisions concerning qualified…
- January 3, 2020cThese proposed regulations provide guidance to cooperatives to which sections 1381 through 1388 of the Internal Revenue Code (Code) apply…
- January 3, 2020Tax Problem for Utility Cooperatives’ Grants
- April 20, 2019C&A attorney David Cook will present a webinar with CPA Bill Miller on the "Electric Cooperatives and Tax Reform: One…
- December 18, 2018Over the past year, we have been posting on the tax bill passed on December 22, 2017, as Public Law…
- February 6, 2018Part III of the series on the impact of tax reform on cooperatives continues the prior part’s focus on tax-exempt…
- February 1, 2018Notice 2018-15 provides that the IRS shall not process applications for, or issue allocations of, the remaining unused authority to…
- January 16, 2018Part II of the series on the impact of tax reform on cooperatives discusses the changes to Unrelated Business Income…
- January 9, 2018On December 22, 2017, Congress’ new tax reform bill became law as Public Law 115-97 (the “Act”). The Act substantially…
- December 21, 2017Taxable cooperatives – including Subchapter T cooperatives and taxable rural telephone and electric cooperatives – must determine whether income and…
- September 7, 2017Many cooperatives provide a range of services to their members. Sometimes these services are provided through subsidiaries. Each cooperative must…
- August 19, 2017C&A Attorney David Cook will present at the National Telecommunications Cooperative Association's Finance and Accounting Conference concerning two important topics…
