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some part of a day in any 20 or more

determinable income (see section 6041)

must be filed to request a direct deposit of

different weeks in 2001 or 20 or more

totaling $600 or more to any one person

a tax refund of $1 million or more.

•

different weeks in 2002.

in the course of its trade or business

Form 8594, Asset Acquisition

•

Form 941, Employer’s Quarterly

during the calendar year.

Statement. Cooperatives file this form to

Federal Tax Return or Form 943,

report the purchase or sale of a group of

6. Form 1099-OID, Original Issue

Employer’s Annual Tax Return for

assets that constitute a trade or business

Discount.

Agricultural Employees. Employers must

if goodwill or going concern value could

7. Form 1099-PATR, Taxable

file these forms to report income tax

attach to the assets.

Distributions Received from

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withheld, and employer and employee

Form 8810, Corporate Passive Activity

Cooperatives.

social security and Medicare taxes. Also,

Loss and Credit Limitations. Closely held

8. Form 1099-R, Distributions From

see Trust fund recovery penalty on

cooperatives must use this form to

Pensions, Annuities, Retirement or

page 6.

compute the passive activity loss and

Profit-Sharing Plans, IRAs, Insurance

•

Form 945, Annual Return of Withheld

credit allowed under section 469.

Contracts, etc.

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Federal Income Tax. File Form 945 to

Form 8842, Election To Use Different

•

Form 1122, Authorization and Consent

report income tax withheld from

Annualization Periods for Corporate

of Subsidiary Corporation To Be Included

nonpayroll distributions or payments,

Estimated Tax. Cooperatives use Form

in a Consolidated Income Tax Return. For

including pensions, annuities, IRAs,

8842 for each year they want to elect one

the first year a subsidiary corporation is

gambling winnings, and backup

of the annualization periods in section

being included in a consolidated return,

withholding.

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

attach the completed form to the parent’s

payments under the annualized income

See Trust fund recovery penalty on

consolidated return. Attach a separate

installment method.

page 6.

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Form 1122 for each subsidiary being

Form 8849, Claim for Refund of Excise

Form 966, Corporate Dissolution or

included in the consolidated return.

Taxes. Cooperatives use this form to

Liquidation. Use this form to report the

•

Form 5452, Corporate Report of

claim a refund of certain excise taxes.

adoption of a resolution or plan to

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Nondividend Distributions. Use this form

Form 8865, Return of U.S. Persons

dissolve the cooperative or liquidate any

to report nondividend distributions.

With Respect to Certain Foreign

of its stock.

•

Form 5471, Information Return of U.S.

Partnerships. A cooperative may have to

Form 1042, Annual Withholding Tax

Persons With Respect to Certain Foreign

file Form 8865 if it:

Return for U.S. Source Income of Foreign

Corporations. This form is required if the

Persons, and

1. Controlled a foreign partnership

•

cooperative controls a foreign

Form 1042-S, Foreign Person’s U.S.

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

corporation; acquires, disposes of, or

Source Income Subject to Withholding.

indirect interest in the partnership).

owns 10% or more in value or vote of the

Use these forms to report and send

2. Owned at least a 10% direct or

outstanding stock of a foreign corporation;

withheld tax on payments or distributions

indirect interest in a foreign partnership

or had control of a foreign corporation for

made to nonresident alien individuals,

while U.S. persons controlled that

an uninterrupted period of at least 30

foreign partnerships, or foreign

partnership.

days during the annual accounting period

corporations to the extent these payments

3. Had an acquisition, disposition, or

of the foreign corporation.

constitute gross income from sources

change in proportional interest in a

•

Form 5713, International Boycott

within the United States (see sections 861

foreign partnership that:

Report. Cooperatives that have

through 865).

a. Increased its direct interest to at

•

operations in, or related to, certain

Form 1042-T, Annual Summary and

least 10% or reduced its direct interest of

“boycotting” countries file Form 5713.

Transmittal of Forms 1042-S. Use Form

•

at least 10% to less than 10%.

Form 8264, Application for Registration

1042-T to transmit paper forms 1042-S to

b. Changed its direct interest by at

of a Tax Shelter. Tax shelter organizers

the IRS.

least a 10% interest.

use this form to receive a tax shelter

Also see Pub. 515, Withholding of Tax

4. Contributed property to a foreign

registration number from the IRS.

on Nonresident Aliens and Foreign

partnership in exchange for a partnership

•

Form 8271, Investor Reporting of Tax

Entities, and sections 1441 and 1442.

interest if:

Shelter Registration Number.

•

Form 1096, Annual Summary and

a. Immediately after the contribution,

Cooperatives which have acquired an

Transmittal of U.S. Information Returns.

the cooperative owned, directly or

•

interest in a tax shelter that is required to

Form 1098, Mortgage Interest

indirectly, at least a 10% interest in the

be registered, use this form to report the

Statement. Use this form to report the

foreign partnership or

tax shelter’s registration number. Attach

receipt from any individual of $600 or

b. The fair market value of the

Form 8271 to any tax return (including an

more of mortgage interest (including

property the cooperative contributed to

application for tentative refund (Form

points) in the course of the cooperative’s

the foreign partnership, when added to

1139) and an amended return) on which a

trade or business and reimbursements of

other contributions of property made to

deduction, credit, loss, or other tax benefit

overpaid interest.

the foreign partnership during the

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attributable to a tax shelter is taken or any

Forms 1099. Use these information

preceding 12-month period, exceeds

income attributable to a tax shelter is

returns to report the following:

$100,000.

reported.

•

1. Form 1099-A, Acquisition or

Also, the cooperative may have to file

Form 8275, Disclosure Statement, and

Abandonment of Secured Property.

Form 8865 to report certain dispositions

Form 8275-R, Regulation Disclosure

2. Form 1099-B, Proceeds From

by a foreign partnership of property it

Statement. Disclose items or positions

Broker and Barter Exchange

previously contributed to that partnership

taken on a tax return that are not

Transactions.

if it was a partner at the time of the

otherwise adequately disclosed on a tax

3. Form 1099-DIV, Dividends and

disposition. For more details, including

return or that are contrary to Treasury

Distributions.

penalties for failing to file Form 8865, see

regulations (to avoid parts of the

4. Form 1099-INT, Interest Income.

Form 8865 and its separate instructions.

accuracy-related penalty or certain

5. Form 1099-MISC, Miscellaneous

preparer penalties).

Statements

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Income. See this form to report payment:

Form 8300, Report of Cash Payments

to certain fishing boat crew members; to

Over $10,000 Received in a Trade or

Consolidated return. File supporting

providers of health and medical services;

Business. Use this form to report the

statements for each corporation included

of rent or royalties; nonemployee

receipt of more than $10,000 in cash or

in the consolidated return. Do not use

compensation, etc.

foreign currency in one transaction or a

Form 990-C as a supporting statement.

series of related transactions.

Note. Every cooperative must file Form

On the supporting statement, use

•

1099-MISC if it makes payments of rents,

Form 8302, Direct Deposit of Tax

columns to show the following (both

commissions, or other fixed or

Refund of $1 Million or More. This form

before and after adjustments):

-3-

Instructions For Form 990-C - Farmers' Cooperative Association Income Tax Return - Internal Revenue Service - 2002 Page 3

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