Changing CCC Loan Reporting

Date
2002-03-01
Authors
Harl, Neil
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Altmetrics
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Iowa State University Digital Repository
Abstract

The choices in reporting Commodity Credit Corporation (CCC) loans have been clear for many years. But in early 2002, the Internal Revenue Service ruled that a change in reporting methods from treating CCC loans as income to reporting CCC loans as loans has been modified and relaxed. That is a significant change for affected taxpayers.

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