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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.

•

Guidance has been issued regarding

Updates on progress.

Contents

Page

•

the nonaccrual experience method of

Timeframes for action.

Changes To Note . . . . . . . . . . . . . . . . 1

•

accounting. See page 4.

Speedy resolution.

Photographs of Missing Children . . . . 1

•

Additional guidance has been issued

Courteous service.

Unresolved Tax Issues . . . . . . . . . . . . 1

regarding the rules for adopting,

When contacting the Taxpayer

How To Get Forms and

changing, and retaining an accounting

Advocate, the cooperative should provide

Publications . . . . . . . . . . . . . . . . . . 1

period. See Regulations sections 1.441

the following information:

General Instructions . . . . . . . . . . . . . 2

•

and 1.442.

The cooperative’s name, address, and

Purpose of Form . . . . . . . . . . . . . . . . 2

•

New procedures for certain

employer identification number (EIN).

Who Must File . . . . . . . . . . . . . . . . . . 2

•

cooperatives to obtain automatic approval

The name and telephone number of an

When To File . . . . . . . . . . . . . . . . . . . 2

to adopt, change, or retain an accounting

authorized contact person and the hours

Who Must Sign . . . . . . . . . . . . . . . . . 2

period have been issued. See Rev. Proc.

he or she can be reached.

•

Paid Preparer Authorization . . . . . . . . 2

2002-37, 2002-22 I.R.B. 1030; Rev. Proc.

The type of tax return and year(s)

Where To File . . . . . . . . . . . . . . . . . . 2

2002-38, 2002-22 I.R.B. 1037; and Rev.

involved.

•

Other Forms, Returns,

Proc. 2002-39, 2002-22 I.R.B. 1046.

A detailed description of the problem.

•

Schedules and Statements

The cooperative must file a disclosure

Previous attempts to solve the problem

That May Be Required . . . . . . . . . 2-3

statement for each reportable tax shelter

and the office that had been contacted.

•

Statements . . . . . . . . . . . . . . . . . . . . 3

transaction in which it participated,

A description of the hardship the

directly or indirectly, if the transaction

cooperative is facing (if applicable).

Assembling the Return . . . . . . . . . . . . 4

affects the cooperative’s Federal tax

The cooperative may contact a

Accounting Methods . . . . . . . . . . . . . . 4

liability. See Tax shelter disclosure

Taxpayer Advocate by calling (toll free)

Accounting Periods . . . . . . . . . . . . . . 5

statement on page 4 for more details.

1-877-777-4778. Persons who have

Rounding Off to Whole Dollars . . . . . . 5

access to TTY/TDD equipment may call

Photographs of Missing

Recordkeeping . . . . . . . . . . . . . . . . . . 5

1-800-829-4059 and ask for Taxpayer

Depository Method of Tax

Children

Advocate assistance. If the cooperative

Payment . . . . . . . . . . . . . . . . . . . . 5

prefers, it may call, write, or fax the

The Internal Revenue Service is a proud

Estimated Tax Payments . . . . . . . . . . 5

Taxpayer Advocate office in its area. See

partner with the National Center for

Interest and Penalties . . . . . . . . . . . . . 5

Pub. 1546, The Taxpayer Advocate

Missing and Exploited Children.

Specific Instructions . . . . . . . . . . . . 6

Service of the IRS, for a list of addresses

Photographs of missing children selected

Period Covered . . . . . . . . . . . . . . . . . 6

and fax numbers.

by the Center may appear in instructions

Address . . . . . . . . . . . . . . . . . . . . . . . 6

on pages that would otherwise be blank.

Business Activity With the

How To Get Forms and

You can help bring these children home

Largest Total Receipts . . . . . . . . . . 6

by looking at the photographs and calling

Publications

Employer Identification Number

1-800-THE-LOST (1-800-843-5678) if you

(EIN) . . . . . . . . . . . . . . . . . . . . . . . 6

recognize a child.

Personal computer. You can access the

Consolidated Return . . . . . . . . . . . . . . 6

IRS web site 24 hours a day, 7 days a

Type of Cooperative . . . . . . . . . . . . . . 6

Unresolved Tax Issues

week, at to:

•

Initial Return, Final Return,

Download forms, instructions, and

If the cooperative has attempted to deal

Name Change, Address

publications.

with an IRS problem unsuccessfully, it

•

Change, or Amended Return . . . . . . 6

Order IRS products on-line.

should contact the Taxpayer Advocate.

•

Income . . . . . . . . . . . . . . . . . . . . . . 6-7

See answers to frequently asked tax

The Taxpayer Advocate independently

Deductions . . . . . . . . . . . . . . . . . . 7-12

questions.

represents the cooperative’s interests and

•

Schedule A . . . . . . . . . . . . . . . . . . . 12

Search publications on-line by topic or

concerns within the IRS by protecting its

Schedule C and Worksheet for

keyword.

rights and resolving problems that have

•

Schedule C . . . . . . . . . . . . . . . 13-14

Send us comments or request help by

not been fixed through normal channels.

e-mail.

Schedule H . . . . . . . . . . . . . . . . . 14-15

While Taxpayer Advocates cannot

•

Schedule J and Worksheet for

change the tax law or make a technical

tax news by e-mail.

Members of a Controlled

tax decision, they can clear up problems

You can also reach us using file

Group . . . . . . . . . . . . . . . . . . . 15-17

that resulted from previous contacts and

transfer protocol at ftp.irs.gov.

Schedule L . . . . . . . . . . . . . . . . . . . 17

ensure that the cooperative’s case is

Schedule M-1 . . . . . . . . . . . . . . . . . 17

given a complete and impartial review.

CD-ROM. Order Pub. 1796, Federal Tax

Schedule N . . . . . . . . . . . . . . . . . 17-18

The cooperative’s assigned personal

Products on CD-ROM, and get:

•

Index . . . . . . . . . . . . . . . . . . . . . . . . 19

advocate will listen to its point of view and

Current year forms, instructions, and

will work with the cooperative to address

publications.

•

Changes To Note

its concerns. The cooperative can expect

Prior year forms, instructions, and

the advocate to provide:

publications.

•

Additional guidance has been issued

A “fresh look” at a new or on-going

Frequently requested tax forms that

allowing qualifying small businesses to

problem.

may be filled in electronically, printed out

•

adopt or change to the cash method of

Timely acknowledgement.

for submission, and saved for

•

accounting. For details, see Cost of

The name and phone number of the

recordkeeping.

•

Goods Sold on page 12.

individual assigned to its case.

The Internal Revenue Bulletin.

Cat. No. 11288M

Instructions For Form 990-C - Farmers' Cooperative Association Income Tax Return - Internal Revenue Service - 2002

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