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IRS Confirms the Propriety of Discounting Capital Credits

The latest AHC Cooperative Taxation Brief discusses the Internal Revenue Service’s recent private letter ruling that confirms its long-held stance on discounting capital credits.  The ruling makes a number of key points that deserve revisiting.  This is especially true in light of lawsuits challenging cooperatives’ capital credit practices, including discounting of capital credits.  Click to read the latest: https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:2590e67e-c88f-4fb0-8013-6bce5f809ec7

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