To obtain a copy of any of these issues, please send an e-mail to the US-KPMG Washington National Tax.
December 2008
Issue |
Date |
Subject |
2008-30 |
December 30, 2008 |
IRS Issues Another Letter Ruling Addressing the Calculation of a Cooperative’s Section 199 Deduction |
2008-29 |
December 18, 2008 |
IRS Determines Cooperative’s Electric Energy and Natural Gas Distribution Services Are “Like Organization” Activities and Are Tax Exempt |
2008-28 |
December 16, 2008 |
IRS Solicits Comments Regarding Treatment of Cooperative’s Income Attributable to Domestic Production Activities |
November 2008
Issue |
Date |
Subject |
2008-27 |
November 10, 2008 |
IRS Considers Certain Tax Credit Issues Relating to a Wind Turbine Project of a Subsidiary of a Rural Electric Cooperative |
2008-26 |
November 3, 2008 |
IRS Considers Whether Cooperative Qualifies for Clean Renewable Energy Bond with Respect to Electricity Ultimately Produced From Municipal Solid Waste Biodegradation Plant |
October 2008
Issue |
Date |
Subject |
2008-25 |
October 30, 2008 |
IRS Determines Distribution of Gain on Building’s Sales Proceeds Is Patronage Dividend |
2008-24 |
October 29, 2008 |
IRS Again Addresses Calculation of Cooperatives’ Section 199 Deduction |
2008-23 |
October 28, 2008 |
IRS Guidance for Cooperatives That Elect to Accelerate Their General Business Credit Carryovers or AMT Credits Instead of Claiming 50% First Year Depreciation |
September 2008
Issue |
Date |
Subject |
2008-22 |
September 24, 2008 |
IRS Finds Gains on Rural Electric Cooperative’s Asset Swap May Be Allocated to Members as Patronage Dividends |
2008-21 |
September 22, 2008 |
IRS Addresses Calculation of Cooperative’s Section 199 Deduction |
2008-20 |
September 8, 2008 |
IRS Considers Tax Issues Concerning Cooperative Formed by Governmental Entities to Develop, Trade in Energy |
August 2008
Issue |
Date |
Subject |
2008-19 |
August 26, 2008 |
IRS Concludes Timber-Related Organization Fails to Qualify as Farmers’ Cooperative or as Farm Bureau |
July 2008
Issue |
Date |
Subject |
2008-18 |
July 21, 2008 |
IRS Addresses Tax Treatment of Transfers, Expenses Under Termination Agreement Concerning Rural Electric Cooperative |
2008-17 |
July 21, 2008 |
Consolidated Return Matching Rule Applies to Require Cooperative and Patrons to Match the Reporting of Their Items |
2008-16 |
July 21, 2008 |
Regulations on Averaging of Farm and Fishing Income for Computing Income Tax Liability |
2008-15 |
July 11, 2008 |
Final Regulations Concerning Residual Interests: Accounting for REMIC Net Income by Foreign Holders (Including Cooperative Patrons) |
2008-14 |
July 7, 2008 |
Regulations Relating to Election to Expense Qualified Refinery Property Include Rules Specifically Addressing Election by Cooperatives |
2008-13 |
July 3, 2008 |
IRS Concludes Purchase Followed by Repayment of Spread Between List Price and Discount Price Qualifies as Single Transaction |
June 2008
Issue |
Date |
Subject |
2008-12 |
June 23, 2008 |
IRS Increases Mileage Rate to 58.5-Cents per Business Mile for the Last Six Months of 2008 |
2008-11 |
June 10, 2008 |
Missouri: Tax Incentives for Missouri Farmers |
May 2008
Issue |
Date |
Subject |
2008-10 |
May 22, 2008 |
Congress Overrides Veto of Farm Bill; Measures Become Law |
April 2008
Issue |
Date |
Subject |
2008-09 |
April 28, 2008 |
IRS Addresses Tax Treatment of Patronage Dividends Transferred by Cooperative to Charity at Member’s Direction |
2008-08 |
April 17, 2008 |
IRS Releases Draft Instructions for 2008 Form 990 That Would Affect Rural Electric and Rural Telephone Cooperatives |
2008-07 |
April 11, 2008 |
Utah: Uniform Limited Cooperative Association Act |
2008-06 |
April 8, 2008 |
Missouri: Proposal to Increase Agricultural Tax Credits for Certain Cooperatives Operating within the State |
March 2008
Issue |
Date |
Subject |
2008-05 |
March 10, 2008 |
Description of Revenue Provisions in Administration’s FY 2009 Budget Proposal Includes Electronic Filing for Certain Cooperative Associations |
February 2008
Issue |
Date |
Subject |
2008-04 |
February 28, 2008 |
Tax Court Concludes Farmers Cannot Defer Crop Insurance Proceeds, Given Their Normal Practice of Reporting Crop Income |
2008-03 |
February 22, 2008 |
IRS Revises Form 4136, and Allows Certain Farmers Until March 10th to e-File Their Returns |
2008-02 |
February 21, 2008 |
Form 1120-C, U.S. Income Tax Return for Cooperative Associations, and Instructions |
2008-01 |
February 12, 2008 |
Letter Ruling: Are Marketing Cooperatives Using Pooling Allowed a Larger Section 199 Deduction Than Marketing Cooperatives Not Using Pooling? |
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