Issue

Date

Subject

2006-12

November 16, 2006

• IRS Provides Formula for Businesses to Use in Estimating Their Federal Telephone Excise Tax Refund

Issue

Date

Subject

2006-11

October 16, 2006

• IRS Provides Draft Form 1120-C to Be Filed by Cooperatives for 2006

Issue

Date

Subject

2006-10

August 23, 2006

• IRS Concludes Rural Cooperative Telephone Company’s Gain on Sale of Stock in Cell Phone Joint Venture is Patronage-Sourced Income

2006-09

August 18, 2006

• IRS Rules Entity Formed to Conduct Group Services Activities Is Cooperative

Issue

Date

Subject

2006-08

July 31, 2006

• Final, Temporary, and Proposed Regulations Concerning Residual Interests: Accounting for REMIC Net Income by Foreign Holders Including Patrons of Cooperatives

2006-07

July 20, 2006

• Final Draft of Schedule M-3 for Use by Cooperative Associations for 2006

2006-06

July 5, 2006

• Eighth Circuit Affirms Taxpayer Could Not Defer Recognition of Value-Added Payments from Cooperative

2006-05

July 5, 2006

• IRS Rules Sales of Cooperative’s Business Assets Is Patronage Sourced Income Eligible for Patronage Dividend Deduction

Issue

Date

Subject

2006-04

May 1, 2006

• IRS Guidance on Election for Allocation of Cooperative’s Small Ethanol Producer Credit, Lower Sulfer Diesel Fuel Credit

Issue

Date

Subject

2006-03

April 28, 2006

• IRS Intends to Replace Form 990-C with New Form 1120-C

Issue

Date

Subject

2006-02

March 13, 2006

• IRS Rules Income Earned by Nonprofit Corporation Acting as Public Procurement Unit for School Districts Is Excludable

Issue

Date

Subject

2006-01

January 25, 2006

• IRS Allows Rural Electric Cooperatives to Implement Patronage Capital Discounting Program

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