Internal Revenue Service Data Book 2023 Publication 55-B (April 2024
As in the past, this year’s IRS Data Book provides some information as to tax returns (Form 1120-C) filed by Subchapter T cooperatives.
The Data Book aggregates Form 1120-C returns with other Form 1120 returns in the information it provides regarding the number of returns filed for fiscal years 2022 and 2023. So, it does not reveal the number of cooperative returns filed in those years in tables showing returns filed. However, it does continue to list Form 1120-C returns separately in a series of tables showing audit rates for the returns filed for the years 2013 through 2021 for each year.
NSAC's specialized technical journal, The Cooperative Accountant (TCA), tailored exclusively for its members, has unveiled its Spring 2024 edition. Explore the content online or opt to download and print the PDF.
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