TaxNewsFlash-Cooperatives — KPMG's reports of tax developments concerning U.S. cooperatives
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8 Jan - Form 1120-C for 2018
Sep 28 - Notice 2018-79: Extension of replacement period for livestock
Aug 31 - IRS denies tax-exempt status for “food co-op”
Aug 23 - IRS releases draft version of Form 1120-C for 2018
Aug 8 - Separate guidance for cooperatives expected under section 199A
Jul 24 - Relief for U.S. farmers, ranchers affected by trade retaliation
Sep 27 - U.S. Tax Court: Rent for agricultural operations not includible in self-employment income
Sep 27 - Notice 2017-53: One-year extension of time to replace livestock, drought-related sales
Sep 20 - IRS releases draft instructions, Form 1120-C for 2017
Sep 13 - IRS releases draft instructions, Form 1099-PATR for 2018
Aug 2 - IRS releases draft instructions for Schedule J, income averaging for farmers, fishermen
KPMG’s National Director of Cooperative Tax Services:
David Antoni | +1 (267) 256-1627 | dantoni@kpmg.com
Associate National Director of KPMG’s Cooperative Tax Services:
Brett Huston | +1 (916) 554-1654 | bhuston@kpmg.com
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