State taxation of cooperative enterprises
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State taxation of cooperative enterprises by Calvin A. Kent

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Published by Business Research Bureau, University of South Dakota in Vermillion .
Written in English



  • United States.


  • Cooperative societies -- Taxation -- United States.

Book details:

Edition Notes

Bibliography: p. 120-122.

Statement[by] Calvin A. Kent, assisted by Dale Bails.
SeriesUniversity of South Dakota. Business Research Bureau. Bulletin no. 104, Bulletin (University of South Dakota. Business Research Bureau) ;, no. 104.
ContributionsBails, Dale.
LC ClassificationsHF5006 .S6 no. 104
The Physical Object
Paginationiv, 122 p.
Number of Pages122
ID Numbers
Open LibraryOL4859459M
LC Control Number75633393

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: Taxation of Business Enterprises, Cases and Materials, 4th (American Casebook Series) (): Peroni, Robert, Bank, Steven: Books/5(2).   Regarding income tax treatment of cooperatives, under section , taxable income is calculated similar to a corporation with the exception that income of the cooperative that is attributable to patron business is excluded or deducted from income when it is allocated to the patrons. When allocated, the patrons realize income and patronage-sourced income flows through the cooperative so that it is taxed . INCOME TAX TREATMENT OF COOPERATIVES: Internal Revenue Code Section Edition Donald A. Frederick Program Leader, Law, Policy & Governance Cooperati ve tax rules are a l ogica l combination of the unique attributes of a cooperative and the income tax scheme in the Internal Revenue Code. The single tax principle is applied to. Cooperatives and Income Tax Principles James R. Baarda University of Arkansas, LLM Course, = 2 Ta x Code lets any corpor ation "ope rating on a coopera tive basis" pay patrona ge re funds without paying tax on income it distributes to patrons. Patrons pay income tax on all amounts received as patronage Size: 1MB.

Cooperative corporations are formed to provide some mutual benefit for their members, and because of this, the Congress of the United States beginning in has allowed them a deduction from their income for "patronage dividends." A "patronage dividend" is money paid by a cooperative to its patrons on the basis of business done with these. State Taxation provides comprehensive coverage and expert analysis of the entire field of state taxation, and it is widely regarded as the leading treatise in the field. The two-volume treatise covers corporate and personal income taxes, sales and use taxes, and the constitutional restraints on such g: cooperative enterprises.   General Survey of I.R.C. (c)(12) Cooperatives and Examination of Current Issues cooperative is subject to tax on its net non-patronage source earnings, and patrons are subject to tax on distributions of non-patronage income. I.R.C. and in Subchapter T provisions govern farmers’ cooperatives. Farmers’. Again, determining how to fulfill the cooperative’s obligation to issue patronage dividends can be very complex, and you are advised to seek the assistance of a tax attorney or other tax professional when making these decisions. Note that state (as opposed to federal) taxation of cooperatives varies from state to state.

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