Looking for a Form 990-c Templates? Download it for free!

•

Download forms, instructions, and

2. Purchase supplies and

Private delivery services cannot

publications;

equipment for the use of members or

deliver items to P.O. boxes. You

•

Order IRS products online;

other persons and turn over the

must use the U.S. Postal

CAUTION

•

Research your tax questions online;

supplies and equipment to them at

Service to mail any item to an IRS P.O.

•

Search publications online by topic or

actual cost, plus necessary expenses.

box address.

keyword; and

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Extension of Time to File

A member is anyone who shares in

tax news by email.

the profits of a cooperative association

File Form 7004, Application for

and is entitled to participate in the

Automatic 6-Month Extension of Time

CD-ROM for tax products. You can

management of the association.

To File Certain Business Income Tax,

order Pub. 1796, IRS Tax Products CD,

Information, and Other Returns, to

and obtain:

A producer is a person who, as

•

request an automatic 6-month

A CD that is released twice so you

owner or tenant, bears the risk of

extension of time to file. Generally file

have the latest products. The first

production and receives income based

Form 7004 by the regular due date of

release ships in late December and the

on farm production rather than fixed

the return.

final release ships in late February;

compensation. For example, if a

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Current-year forms, instructions, and

cooperative leases its land to a tenant

Where To File

publications;

farmer who agrees to pay a rental fee

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Prior-year forms, instructions, and

based on a percentage of the farm

File Form 990-C with the Internal

publications;

crops produced, both the landowner

Revenue Service, Ogden, UT

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Tax Map: an electronic research tool

and the tenant farmer qualify as

84201-0027.

and finding aid;

producers.

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Tax law frequently asked questions

Who Must Sign

Cooperatives organized and

(FAQs);

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operated for purposes other

The return must be signed and dated

Tax Topics from the IRS telephone

than those described above

by:

response system;

CAUTION

•

should not file Form 990-C. Instead, file

Fill-in, print, and save features for

The president, vice president,

Form 1120, U.S. Corporation Income

most tax forms;

treasurer, assistant treasurer, chief

•

Tax Return, or Form 1120-A, U.S.

accounting officer or

Internal Revenue Bulletins; and

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Corporation Short-Form Income Tax

Any other cooperative officer (such

Toll-free and email technical support.

Return (if applicable).

as tax officer) authorized to sign.

Buy the CD-ROM from the National

Technical Information Service (NTIS) at

If a return is filed on behalf of a

When To File

for $25 (no

cooperative by a receiver, trustee, or

handling fee) or call 1-877-CDFORMS

assignee, the fiduciary must sign the

A cooperative may file its income tax

(1-877-233-6767) toll free to buy the

return, instead of the cooperative

return by the 15th day of the 9th month

CD-ROM for $25 (plus a $5 handling

officer. Returns and forms signed by a

after the end of its tax year provided it

fee). The first release ships in late

receiver or trustee in bankruptcy on

meets the requirements of section

December and the final release ships in

behalf of a cooperative must be

6072(d) prior to filing. Any cooperative

late February.

accompanied by a copy of the order or

not meeting the requirements of section

instructions of the court authorizing

6072(d) must file its income tax return

By phone and in person. You can

signing of the return or form.

by the 15th day of the 3rd month after

order forms and publications by calling

the end of its tax year.

1-800-TAX-FORM (1-800-829-3676).

If an employee of the cooperative

You can also get most forms and

completes Form 990-C, the paid

If the due date falls on a Saturday,

publications at your local IRS office.

preparer’s space should remain blank.

Sunday, or legal holiday, the

Anyone who prepares Form 990-C but

cooperative can file on the next

General Instructions

does not charge the cooperative should

business day.

not complete that section. Generally,

Private delivery services.

anyone who is paid to prepare the

Purpose of Form

Cooperatives can use certain private

return must sign it and fill in the “Paid

delivery services designated by the IRS

Preparer’s Use Only” area.

Use Form 990-C, Farmers’ Cooperative

to meet the “timely mailing as timely

Association Income Tax Return, to

The paid preparer must complete

filing/paying” rule for tax returns and

report income, gains, losses,

the required preparer information and:

payments. These private delivery

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deductions, credits, and to figure the

Sign the return in the space provided

services include only the following.

income tax liability of the cooperative.

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for the preparer’s signature.

DHL Express (DHL): DHL Same Day

•

Give a copy of the return to the

Service, DHL Next Day 10:30 am, DHL

Who Must File

taxpayer.

Next Day 12:00 pm, DHL Next Day

Every farmers’ cooperative must file

3:00 pm, and DHL 2nd Day Service.

Note. A paid preparer may sign original

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Form 990-C whether or not it has

Federal Express (FedEx): FedEx

or amended returns by rubber stamp,

taxable income (Regulations section

Priority Overnight, FedEx Standard

mechanical device, or computer

1.6012-2(f)).

Overnight, FedEx 2Day, FedEx

software program.

International Priority, and FedEx

Generally, a farmers’ cooperative is

International First.

Paid Preparer Authorization

a farmers, fruit growers, or like

•

United Parcel Service (UPS): UPS

association organized and operated on

If the cooperative wants to allow the

Next Day Air, UPS Next Day Air Saver,

a cooperative basis to:

IRS to discuss its 2005 tax return with

UPS 2nd Day Air, UPS 2nd Day Air

1. Market the products of members

the paid preparer who signed it, check

A.M., UPS Worldwide Express Plus,

or other producers and return to them

the “Yes” box in the signature area of

and UPS Worldwide Express.

the proceeds of sales, less necessary

the return. This authorization applies

marketing expenses, on the basis of

The private delivery service can tell

only to the individual whose signature

either the quantity or value of their

you how to get written proof of the

appears in the “Paid Preparer’s Use

products; or

mailing date.

Only” section of the cooperative’s

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Instructions For Form 990-C - Farmers' Cooperative Association Income Tax Return - Internal Revenue Service - 2005 Page 2

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