INCOME TAX TREATMENT OF COOPERATIVES: Handling of Losses

Donald A. Frederick

No 280582, Cooperative Information Reports (CIR) from United States Department of Agriculture, Rural Development

Abstract: Cooperative tax rules are a logical 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 earnings from business conducted on a cooperative basis in recognition of the unique relationship between the members and their cooperative associations. Cooperatives have been granted a certain degree of flexibility in their financial and tax planning and should exercise their options effectively to maximize benefits for members.

Keywords: Agribusiness; Agricultural Finance (search for similar items in EconPapers)
Pages: 104
Date: 2005-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:urdcir:280582

DOI: 10.22004/ag.econ.280582

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