AHC Attorney David Cook Presents on Capital Credits and Cooperative Tax

AHC attorney David Cook will present at the National Telecommunications Cooperative Association’s Finance and Accounting Conference concerning two important topics for telecommunications and telephone cooperatives.  He will discuss “Strategies for Managing Capital Credits” and “Handling Large Gains and Losses.”  Here …

Arkansas water co-op heads to court to settle dispute over capital credits

Since 2009, at least 14 cases have been filed against electric cooperatives over patronage capital (or capital credits) in eight states: Alabama, Arkansas, Georgia, Missouri, New Mexico, North Carolina, South Carolina, and Texas. Now the membership of a water utility …

Real Estate Investment Trusts and Cooperatives’ Patronage Dividends

Real Estate Investment Trusts and Cooperatives’ Patronage Dividends

Some of the more interesting cooperative tax cases involve the interplay of cooperative tax law, such as Subchapter T or Section 501(c)(12), and other tax systems. One such other tax system – …

Cooperative Tax Brief: Alternative Methods of Patronage Notification

To view this Cooperative Tax Brief in the traditional PDF format, click here.

Introduction

What counts as notice of patronage under Subchapter T? Traditionally, notices of allocation have been written – in the sense of paper and snail mail. …

USDA Magazine Article Discusses Management of Capital Credits and Patronage Dividends

USDA Magazine Article Discusses Management of Capital Credits and Patronage Dividends

The USDA publishes a bi-monthly magazine, Rural Cooperatives, which covers various issues encountered by cooperatives of all types.  Recently the magazine published an article written by attorney David Cook

Cooperative Tax Brief: Cooperatives May Offset Bad Debt With Capital Credit Balances

Cooperatives May Offset Bad Debt With Capital Credit Balances

Like for-profit companies, cooperatives encounter bad debt of members and patrons.  They can initiate collection efforts to pursue bad debts, but because their members are also their owners, debt collection can …