The FCC is seeking more than $200 Million in fines from “one or more” cellphone carriers, among them AT&T and T-Mobile. Officials found the companies apparently violated federal law by failing to safeguard information about customers’ real-time locations.
The following …
A recent IRS private letter ruling addresses whether a cooperative’s gain on sale of stock resulted in patronage or non-patronage income. This particular ruling follows many others that focus on the reason for acquiring the asset.
In Year 1, CORP
McKenzie Electric Cooperative recently filed a lawsuit seeking damages from its supplier Upper Missouri G&T Electric Cooperative and electricity generator Basin Electric Cooperative. McKenzie Electric is claiming that rate increases since 2016 violate state law and breaches contractual agreements…
The Rural Utilities Service (RUS) has transitioned from forms-based data submission to digital submission. RUS has created a short guide explaining the change for electric and telephone borrowers. From RUS:
All RUS year-end financial and operating reports for Electric Borrowers
The IRS has provided guidance on how exempt taxpayers, like Section 501(c)(12) cooperatives, can claim a refund after the repealed provisions concerning qualified transportation fringes. You can visit the IRS site for more information.
…The Taxpayer Certainty and
David Cook will be speaking at the upcoming NTCA’s RTIME conference. The conference will be held on February 16 – 19 in Phoenix, AZ. The conference will bring together more than 2,200 thought leaders in the Rural Broadband …
On August 1, 2019, the Federal Communications Commission proposed closing the rural digital divide by establishing the Rural Digital Opportunity Fund, which would direct up to $20.4 billion to expand broadband in unserved rural areas. When the FCC …