Articles tagged under: Section 199A
Final Section 199A Rule Pending at Federal Register
Published January 18, 2021
It’s not uncommon for an outgoing administration to push forward with rules during their final days in office. However, National Council of Farmer Cooperatives President and CEO Chuck Conner says there’s a tremendous backlog of regulations and rules pending at…American Crystal Monitoring Section 199A Final Rule
Published January 18, 2021
The Internal Revenue Service issued its final rule on the so-called ‘grain glitch.’ This deals with the way farm income from co-ops are handled for taxes. American Crystal Sugar Company Director of Government Affairs Kevin Price says the rule is…U.S. Treasury Department Reviewing Section 199A
Published March 16, 2020
Two years ago, a Section 199A deduction was included in the federal tax law. "We felt like the legislative language and the intent of Congress was very prescriptive," says Chuck Conner, CEO, National Council of Farmer Cooperatives. "We were all…Treasury Asked to Address Section 199A
Published January 22, 2020
House Agriculture Committee Chairman Collin Peterson and Ranking Member Mike Conaway sent a joint letter to Treasury Secretary Steven Mnuchin asking for restoration of the Section 199A tax provisions. The 2017 tax law included language that distorted the grain markets…Mostly Positive Feedback on Section 199A Proposed Regs
Published August 10, 2018
Earlier this week, the IRS released proposed regulations on Section 199A. Giddings and Associates CEO Mark Giddings tells RRFN there are positives for farmers in the language, including aggregation rules. Listen to the conversation.Proposed Regulations for Section 199A Released
Published August 9, 2018
On Wednesday, the IRS released proposed regulations on Section 199A. In a blog post, Clifton Larson Allen Principal Paul Neiffer writes a few pros and cons in reviewing the proposed regulations. The 184 page document is still being reviewed by…