To see today's edition, hold down the CONTROL button and click on the F5 button.

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

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

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

2008-19

August 26, 2008

IRS Concludes Timber-Related Organization Fails to Qualify as Farmers’ Cooperative or as Farm Bureau

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

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

2008-10

May 22, 2008

Congress Overrides Veto of Farm Bill; Measures Become Law

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

2008-05

March 10, 2008

Description of Revenue Provisions in Administration’s FY 2009 Budget Proposal Includes Electronic Filing for Certain Cooperative Associations

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?

© 2008 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved.

Privacy | Legal