199A

Groups Ask for Permanent Extension of Section 199A
Groups Ask for Permanent Extension of Section 199A
A large number of organizations representing farmers, ranchers, forest owners, agricultural cooperatives, and industry stakeholders sent a letter to Congressional leaders regarding Section 199A in the Tax Cuts and Jobs Act.   “We urge Congress to permanently extend the expiring 199A provision within the Tax Cuts and Jobs Act of 2017,” the letter said.   Section...
Treasury Department to Fix the “Grain Glitch”
Treasury Department to Fix the “Grain Glitch”
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 ...