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Corrections to proposed regulations under section 199A, concerning cooperatives

Corrections to proposed regulations under section 199A

The U.S. Treasury Department and IRS today released for publication in the Federal Register a notice of corrections to proposed regulations (REG-118-425-18)—regulations that were issued in June 2019 as guidance under the section 199A changes with regard to the application of a deduction for certain cooperatives and grain companies under section 199A.


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The corrections are being made in response to two typographical errors. Read the notice of correction [PDF 301 KB] to the proposed regulations.

The proposed regulations [PDF 382 KB] (39 pages) were issued as guidance to implement the statutory revisions under section 199A, and were published in the Federal Register on June 19, 2019.  Read a KPMG report of initial impressions about these proposed regulations: TaxNewsFlash

Today’s release further notes that written or electronic comments and requests for a public hearing concerning the proposed regulations are still being accepted and must be received by August 19, 2019.

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

David Antoni | +1 (267) 256-1627 |

Or Associate National Director of KPMG’s Cooperative Tax Services:

Brett Huston | +1 (916) 554-1654 |

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