Fundamentals of Cooperative Taxation

Description

A cooperative is a special type of C-corporation that receives a deduction when it distributes patronage refunds. This webinar will provide an overview of cooperatives and cooperative regulation focusing on how the operation of a cooperative determines how it is taxed. Patronage refunds occur when earnings on business done with or for patrons of the cooperative are distributed to the patrons. The webinar will describe the rules governing these distributions including the distinction between patronage and non-patronage business. Additionally, the webinar will address the treatment of losses, the taxation of patrons, and the special domestic production activities deduction available to farmer cooperatives.