TaxNewsFlash-Cooperatives

October 23, 2009
No. 2009-11

IRS Updates Publication 225, Farmer’s Tax Guide

The IRS has posted on its Web site an updated version of Publication 225, Farmer’s Tax Guide for use in preparing 2009 tax returns. The IRS publication in general explains how the federal tax laws apply to farming, and with respect to cooperatives, contains information concerning the treatment of distributions from cooperatives to their patrons.

For an electronic version of Publication 225 (posted October 17, 2009): IRS Publication 225

For more information, contact KPMG’s National Director of Cooperative Tax Services:

David Antoni, in Philadelphia, (267) 256-1627, dantoni@kpmg.com

Or Associate National Director of KPMG’s Cooperative Tax Services

Brett Huston, in Sacramento, 916 554 1654, bhuston@kpmg.com

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