Federal Tax Business Interest Expense Limitations Under IRC Section 163(j) Applicable to Cooperatives

Description

Join our upcoming webinar on June 18th to gain valuable insights into the specific Section 163(j) provisions applicable to Subchapter T cooperatives. This 60-minute Zoom presented by David Antoni, CPA, Tax Managing Director will provide an overview of the specific section 163(j) provisions applicable to Subchapter T cooperatives, an overview of the specified agricultural cooperative provisions for the farming business irrevocable election out of section 163(j) and effects on required adoption of ADS depreciation for property with a recovery period of 10 years or more. This session will also discuss the implications of making the farming business election in the event the cooperative has disallowed business expense carryover into the year of the election and planning considerations for utilization of the business expense carryover. Dave will dive into a discussion with respect to patrons borrowing on a patronage basis from cooperative lenders and impacts and planning for patronage dividends received from the cooperative lender as an effective price adjustment reduction in interest expense.