Farm Credit Administration Guidance on PPP for Small Businesses

The Farm Credit Administration has issued an updated informational memorandum for the purposes of providing Farm Credit System institutions with updated guidance on the Paycheck Protection ProgramFollow this link for the memorandum: 

https://ww3.fca.gov/readingrm/infomemo/Lists/InformationMemorandums/Attachments/269/PaycheckProtectionProgramInfoMemoJuly2020.pdf 

The memorandum explains, 

Does the

Happy Cooperative Month from AHC!

October is Cooperative Month.  AHC represents many cooperatives in the telecom, electric, and agricultural industries.  So we join with others in celebrating our cooperative clients.
In honor of Cooperative Month, the U.S.D.A. has provided and re-published the following helpful guides

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

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IRS has provided guidance on how exempt taxpayers, like Section 501(c)(12) cooperatives, can claim a refund after the repealed provisions concerning qualified transportation fringes.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