Tag Archive: "coops"
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Patronage Dividend Notices Can Be Sent by Email or Posted to a Website
The IRS recently issued a private letter ruling (PLR 201413002) allowing a cooperative to provide notice by email or a posting to their website instead of mailing all notices by regular mail. In order for Cooperatives to get a deduction for their patronage dividends, they must provide written notice by a certain date each year. With postage […]
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Some Interesting Ag Cooperative Facts
The USDA issues a bi-monthly newsletter on the Farm Cooperative industry and the latest issue had some interesting facts: Minnesota has the highest number of coops (a distinction held since 1900) with 203. Texas is second with 187 followed by North Dakota and California. These numbers are based upon the number of Coops with headquarters […]