New Law Fixes Tax Problem for Utility Cooperatives’ Grants
Tax Problem for Utility Cooperatives’ Grants
Tax Problem for Utility Cooperatives’ Grants
cThese proposed regulations provide guidance to cooperatives to which sections 1381 through 1388 of the Internal Revenue Code (Code) apply (Cooperatives) and their patrons regarding the deduction for qualified business income (QBI) under section 199A(a) of the Code as well as guidance to specified agricultural or horticultural cooperatives (Specified Cooperatives) and their patrons regarding the deduction for domestic production activities under section 199A(g) of the Code.
AHC attorney David Cook will present a webinar with CPA Bill Miller on the “Electric Cooperatives and Tax Reform: One Year Later — the Good,… Read More »Upcoming Presentation – Electric Cooperatives and Tax Reform: One Year Later
Over the past year, we have been posting on the tax bill passed on December 22, 2017, as Public Law 115-97 (the “Original Act”). The… Read More »Tax Reform Act Impacts Cooperatives, Part V: New Developments for Cooperatives Under Section 199A
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… Read More »Tax Reform Act Impacts Cooperatives, Part IV: Impact on Governmental Grants
One of the initial questions for a group forming a cooperative in Georgia is whether the cooperative should be legally organized in Georgia or in… Read More »Where Should We Organize Our Cooperative?
Part III of the series on the impact of tax reform on cooperatives continues the prior part’s focus on tax-exempt organizations, including Section 501(c)(12) electric,… Read More »Tax Reform Act Impacts Cooperatives, Part III: Executive Compensation
Notice 2018-15 provides that the IRS shall not process applications for, or issue allocations of, the remaining unused authority to issue new clean renewable energy… Read More »N-2018-15: New Clean Renewable Energy Bonds
Part II of the series on the impact of tax reform on cooperatives discusses the changes to Unrelated Business Income Tax (“UBIT”). Whereas Part I… Read More »Tax Reform Act Impacts Cooperatives, Part II: UBIT Changes
On December 22, 2017, Congress’ new tax reform bill became law as Public Law 115-97 (the “Act”). The Act substantially amends the Internal Revenue Code… Read More »Tax Reform Act Impacts Cooperatives: New Section 199A