Cooperatives May Qualify for Benefits Under CARES Act

by AHC Attorney, Mary B. Luong

On March 27, 2020, the President signed into law the Coronavirus, Aid, Relief, and Economic Security Act (CARES ACT). The CARES Act provided an economic stimulus package of $349 billion dollars for Paycheck Protection …

Utility, telephone, and internet cooperatives are giving consumers a break during the coronavirus pandemic.

Many businesses are giving consumers a break, including many electric and telephone cooperatives.

Utility cooperatives are offering free services or waiving fees and pledging not to disconnect as COVID-19 disrupts life for students, workers, families, businesses and communities. For more …

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 …

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IRS has provided guidance on how exempt taxpayers, like Section 501(c)(12) cooperatives, can claim a refund after the repealed provisions concerning qualified transportation fringes.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