The straight line

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Civil Penalty Notices from the IRS

The IRS continues to send out notices to cooperatives, indicating a problem with EIN’s and SSN’s on 1099’s issued for prior tax years. If not handled in a timely manner, these will eventually result in a penalty assessment, and in some cases, a direct levy of funds.

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Did you know?

Did you know? Gardiner Thomsen has been around since 1964 We have 37 employees and 4 offices throughout Iowa, Nebraska and South Dakota We audit over 150 organizations, including:

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Cooperative Trends 2011-2012

• Most clients were more profitable in 2011 compared to 2010, and many reported record earnings. Higher commodity prices along with increased or steady grain and agronomy volumes meant sales dollars were also considerably higher in 2011.

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