FCC Probe Finds Mobile Carriers Didn’t Safeguard Customer Location Data.

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 …

IRS Rules on Telecom Coop Sale of Stock

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, Basin Electric at Odds Over Rates

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

Section 501(c)(12) qualified transportation fringes

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IRS has provided guidance on how exempt taxpayers, like Section 501(c)(12) cooperatives, can claim a refund after the repealed provisions concerning qualified transportation fringes.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