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2. It had at least one employee who

in the course of its trade or business

Form 8594, Asset Allocation

worked for the cooperative for some part

during the calendar year.

Statement Under Sections 338 and 1060.

of a day in any 20 or more different weeks

Cooperatives file this form to report the

6. Form 1099-OID, Original Issue

in 2000 or 20 more different weeks in

purchase or sale of a group of assets that

Discount.

2001.

constitute a trade or business if goodwill

7. Form-PATR, Taxable Distributions

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Form 941, Employer’s Quarterly

or going concern value could attach to the

Received from Cooperatives.

Federal Tax Return or Form 943,

assets and if the buyer’s basis in the

8. Form 1099-R, Distributions From

Employer’s Annual Tax Return for

assets is determined only by the amount

Pensions, Annuities, Retirement or

Agricultural Employees. Employers must

paid for the assets.

Profit-Sharing Plans, or Insurance

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file these forms to report income tax

Form 8810, Corporate Passive Activity

Contracts.

withheld, and employer and employee

Loss and Credit Limitations. Closely held

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Form 1122, Authorization and Consent

social security and Medicare taxes. Also,

cooperatives (and cooperatives that are

of Subsidiary Corporation To Be Included

see Trust fund recovery penalty on

personal service corporations) must use

in a Consolidated Income Tax Return. For

page 5.

this form to compute the passive activity

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the first year a subsidiary corporation is

Form 945, Annual Return of Withheld

loss and credit allowed under section 469.

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being included in a consolidated return,

Federal Income Tax. File Form 945 to

Form 8842, Election To Use Different

attach the completed form to the parent’s

report income tax withheld from

Annualization Periods for Corporate

consolidated return. Attach a separate

nonpayroll distributions or payments,

Estimate Tax. Cooperatives use Form

Form 1122 for each subsidiary being

including pensions, annuities, IRAs,

8842 for each year they want to elect one

included in the consolidated return.

gambling winnings, and backup

of the annualization periods in section

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withholding.

6655(e)(2)(C) for figuring estimated tax

Form 5452, Corporate Report of

payments under the annualized income

Nondividend Distributions. Use this form

See Trust fund recovery penalty on

installment method.

to report nondividend distributions.

page 5.

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Form 8849, Claim for Refund of Excise

Form 966, Corporate Dissolution or

Form 5471, Information Return of U.S.

Taxes. Cooperatives use this form to

Liquidation. Use this form to report the

Persons With Respect to Certain Foreign

claim a refund of certain excise taxes.

adoption of a resolution or plan to

Corporations. This form is required if the

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Form 8865, Return of U.S. Persons

dissolve the cooperative or liquidate any

cooperative controls a foreign

With Respect to Certain Foreign

of its stock.

corporation; acquires, disposes of, or

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Partnerships. A cooperative may have to

Form 1042, Annual Withholding Tax

owns 10% or more in value or vote of the

file Form 8865 if it:

Return for U.S. Source Income of Foreign

outstanding stock of a foreign corporation;

Persons, and

or had control of a foreign corporation for

1. Controlled a foreign partnership

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Form 1042-S, Foreign Person’s U.S.

an uninterrupted period of at least 30

(i.e., owned more than a 50% direct or

Source Income Subject to Withholding.

days during the annual accounting period

indirect interest in the partnership).

Use these forms to report and send

of the foreign corporation.

2. Owned at least a 10% direct or

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withheld tax on payments or distributions

indirect interest in a foreign partnership

Form 5713, International Boycott

made to nonresident alien individuals,

while U.S. persons controlled that

Report. Cooperatives that have

foreign partnerships, or foreign

partnership.

operations in, or related to, certain

corporations to the extent these payments

3. Had an acquisition, disposition, or

“boycotting” countries file Form 5713.

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constitute gross income from sources

change in proportional interest in a

Form 8264, Application for Registration

within the United States (see sections 861

foreign partnership that:

of a Tax Shelter. Tax shelter organizers

through 865).

a. Increased its direct interest to at

use this form to receive a tax shelter

Also see Pub. 515, Withholding of Tax

least 10% or reduced its direct interest of

registration number from the IRS.

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on Nonresident Aliens and Foreign

at least 10% to less than 10%.

Form 8271, Investor Reporting of Tax

Entities, and sections 1441 and 1442.

b. Changed its direct interest by at

Shelter Registration Number.

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Form 1096, Annual Summary and

least a 10% interest.

Cooperatives which have acquired an

Transmittal of U.S. Information Returns.

4. Contributed property to a foreign

interest in a tax shelter that is required to

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Form 1098, Mortgage Interest

partnership in exchange for a partnership

be registered, use this form to report the

Statement. Use this form to report the

interest if:

tax shelter’s registration number. Attach

receipt from any individual of $600 or

Form 8271 to any tax return (including an

a. Immediately after the contribution,

more of mortgage interest (including

application for tentative refund (Form

the cooperative owned, directly or

points) in the course of the cooperative’s

1139) and an amended return) on which a

indirectly, at least a 10% interest in the

trade or business and reimbursements of

deduction, credit, loss, or other tax benefit

foreign partnership or

overpaid interest.

attributable to a tax shelter is taken or any

b. The fair market value of the

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Forms 1099. Use these information

income attributable to a tax shelter is

property the cooperative contributed to

returns to report the following:

reported.

the foreign partnership, when added to

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1. Form 1099-A, Acquisition or

other contributions of property made to

Form 8275, Disclosure Statement, and

Abandonment of Secured Property.

the foreign partnership during the

Form 8275-R, Regulation Disclosure

2. Form 1099-B, Proceeds From

preceding 12-month period, exceeds

Statement. Disclose items or positions

Broker and Barter Exchange

$100,000.

taken on a tax return that are not

Transactions.

Also, the cooperative may have to file

otherwise adequately disclosed on a tax

3. Form 1099-DIV, Dividends and

Form 8865 to report certain dispositions

return or that are contrary to Treasury

Distributions.

by a foreign partnership of property it

regulations (to avoid parts of the

4. Form 1099-INT, Interest Income.

previously contributed to that partnership

accuracy-related penalty or certain

5. Form 1099-MISC, Miscellaneous

if it was a partner at the time of the

preparer penalties).

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Income. See this form to report payment:

disposition. For more details, including

Form 8300, Report of Cash Payments

to certain fishing boat crew members; to

penalties for failing to file Form 8865, see

Over $10,000 Received in a Trade or

providers of health and medical services;

Form 8865 and its separate instructions.

Business. Use this form to report the

of rent or royalties; nonemployee

receipt of more than $10,000 in cash or

Statements

compensation, etc.

foreign currency in one transaction or a

series of related transactions.

Note. Every cooperative must file Form

Consolidated return. File supporting

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1099-MISC if it makes payments or rents,

Form 8302, Direct Deposit of Tax

statements for each corporation included

commissions, or other fixed or

Refund of $1 Million or More. This form

in the consolidated return. Do not use

determinable income (see section 6041)

must be filed to request a direct deposit of

Form 990-C as a supporting statement.

totaling $600 or more to any one person

a tax refund of $1 million or more.

On the supporting statement, use

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Instructions For Form 990-C - Farmers' Cooperative Association Income Tax Return - 2001 Page 3

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