Instructions For Form 990-C - Farmers' Cooperative Association Income Tax Return - 2001

ADVERTISEMENT

01
2 0
Department of the Treasury
Internal Revenue Service
Instructions for Form 990-C
Farmers’ Cooperative Association Income Tax Return
Section references are to the Internal Revenue Code unless otherwise noted.
or change to the cash method of
The name and phone number of the
Contents
Page
accounting for eligible trades or
individual assigned to its case.
Changes To Note . . . . . . . . . . . . . . . . 1
businesses. This rule does not apply to
Updates on progress.
Photographs of Missing Children . . . . 1
cooperatives prohibited from using the
Timeframes for action.
Unresolved Tax Issues . . . . . . . . . . . . 1
cash method under section 448. For more
Speedy resolution.
How To Get Forms and
details, including change in accounting
Courteous service.
Publications . . . . . . . . . . . . . . . . . . 1
method requirements, see Notice
When contacting the Taxpayer
General Instructions . . . . . . . . . . . . . 2
2001-76, 2001-52 I.R.B. 614.
Advocate, the cooperative should provide
Purpose of Form . . . . . . . . . . . . . . . . 2
The cooperative may request that the
the following information:
Who Must File . . . . . . . . . . . . . . . . . . 2
IRS deposit its income tax refund of $1
The cooperative’s name, address, and
When To File . . . . . . . . . . . . . . . . . . . 2
million or more directly into its checking or
employer identification number (EIN).
Who Must Sign . . . . . . . . . . . . . . . . . 2
savings account at any U.S. bank or other
The name and telephone number of an
Paid Preparer Authorization . . . . . . . . 2
financial institutions that accepts direct
authorized contact person and the hours
Where To File . . . . . . . . . . . . . . . . . . 2
deposits. For details, see the instructions
he or she can be reached.
Other Forms, Returns, and
for line 36 on page 12, and Form 8302,
The type of tax return and year(s)
Statements That May Be
Direct Deposit of Tax Refund of $1 Million
involved.
Required . . . . . . . . . . . . . . . . . . . 2-3
or More.
A detailed description of the problem.
Statements . . . . . . . . . . . . . . . . . . . . 3
If the cooperative wants to allow the
Previous attempts to solve the problem
IRS to discuss its 2001 tax return with the
and the office that had been contacted.
Assembling the Return . . . . . . . . . . . . 4
paid preparer who signed it, check the
A description of the hardship the
Accounting Methods . . . . . . . . . . . . . . 4
“Yes” box in the area where the officer of
cooperative is facing (if applicable).
Accounting Periods . . . . . . . . . . . . . 4-5
the cooperative signed the return. See
The cooperative may contact a
Rounding Off to Whole Dollars . . . . . . 5
page 2 for details.
Taxpayer Advocate by calling (toll free)
Recordkeeping . . . . . . . . . . . . . . . . . . 5
1-877-777-4778. Persons who have
Photographs of Missing
Depository Method of Tax
access to TTY/TDD equipment may call
Payment . . . . . . . . . . . . . . . . . . . . 5
Children
1-800-829-4059 and ask for Taxpayer
Estimated Tax Payments . . . . . . . . . . 5
Advocate assistance. If the cooperative
The Internal Revenue Service is a proud
Interest and Penalties . . . . . . . . . . . . . 5
prefers, it may call, write, or fax the
partner with the National Center for
Specific Instructions . . . . . . . . . . . . 6
Taxpayer Advocate office in its area. See
Missing and Exploited Children.
Period Covered . . . . . . . . . . . . . . . . . 6
Pub. 1546, The Taxpayer Advocate
Photographs of missing children selected
Address . . . . . . . . . . . . . . . . . . . . . . . 6
Service of the IRS, for a list of addresses
by the Center may appear in instructions
Business Activity With The
and fax numbers.
on pages that would otherwise be blank.
Largest Total Receipts . . . . . . . . . . 6
You can help bring these children home
Employer Identification Number
How To Get Forms and
by looking at the photographs and calling
(EIN) . . . . . . . . . . . . . . . . . . . . . . . 6
1-800-THE-LOST (1-800-843-5678) if you
Publications
Consolidated Return . . . . . . . . . . . . . . 6
recognize a child.
Type of Cooperative . . . . . . . . . . . . . . 6
Personal computer. You can access the
Initial Return, Final Return,
Unresolved Tax Issues
IRS Web Site 24 hours a day, 7 days a
Name Change, or Address
week, at to:
If the cooperative has attempted to deal
Change . . . . . . . . . . . . . . . . . . . . . 6
Download forms, instructions, and
with an IRS problem unsuccessfully, it
Income . . . . . . . . . . . . . . . . . . . . . . 6-7
publications.
should contact the Taxpayer Advocate.
Deductions . . . . . . . . . . . . . . . . . . 7-12
See answers to frequently asked tax
The Taxpayer Advocate independently
Schedule A . . . . . . . . . . . . . . . . . 12-13
questions.
represents the cooperative’s interests and
Schedule C and Worksheet for
Search publications on-line by topic or
concerns within the IRS by protecting its
Schedule C . . . . . . . . . . . . . . . 13-14
keyword.
rights and resolving problems that have
Send us comments or request help by
Schedule H . . . . . . . . . . . . . . . . . 14-15
not been fixed through normal channels.
e-mail.
Schedule J and Worksheet for
While Taxpayer Advocates cannot
Sign up to receive local and national
Members of a Controlled
tax news by e-mail.
change the tax law or make a technical
Group . . . . . . . . . . . . . . . . . . . 15-17
You can also reach us using file
tax decision, they can clear up problems
Schedule L . . . . . . . . . . . . . . . . . . . 17
transfer protocol at ftp.irs.gov.
that resulted from previous contacts and
Schedule M-1 . . . . . . . . . . . . . . . . . 17
ensure that the cooperative’s case is
Schedule N . . . . . . . . . . . . . . . . . 17-18
CD-ROM. Order Pub. 1796, Federal Tax
given a complete and impartial review.
Index . . . . . . . . . . . . . . . . . . . . . . . . 19
Products on CD-ROM, and get:
The cooperative’s assigned personal
Current year forms, instructions, and
Changes To Note
advocate will listen to its point of view and
publications.
will work with the cooperative to address
Prior year forms, instructions, and
For tax years ending on or after
its concerns. The cooperative can expect
publications.
December 31, 2001, certain cooperatives
the advocate to provide:
Frequently requested tax forms that
with average annual gross receipts of
A “fresh look” at a new or on-going
may be filled in electronically, printed out
more than $1 million but less than or
problem.
for submission, and saved for
equal to $10 million may be able to adopt
Timely acknowledgement.
recordkeeping.
Cat. No. 11288M

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial