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IRS has provided guidance on how exempt taxpayers, like Section 501(c)(12) cooperatives, can claim a refund after the repealed provisions concerning qualified transportation fringes.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

Tax Reform Act Impacts Cooperatives, Part IV: Impact on Governmental Grants

Perhaps the most impactful aspect of the recent tax reform law is the change to the treatment of governmental grants.  Many cooperatives qualify for governmental grants in furtherance of their community benefits, such as electric, telephone, and broadband service and …