199A

The Internal Revenue Service released its final rule on how farm income from cooperatives will be handled for tax purposes. The Hagstrom Report says the regulation has been a source of dispute since Congress passed the 2017 Tax and Jobs Act ...

The National Council of Farmer Cooperatives is optimistic that IRS officials will adjust the Section 199A tax break, thanks to testimony from the Treasury Secretary. For more than two years, farmer cooperatives have been working to re-implement a tax deduction comparable to what they received before the 2017 tax law was passed ...