The IRS is reviewing whether agribusiness firms are required to file Form 1099B information returns with the IRS (and with copies to the taxpayer) on purchases of generic commodity certificates from farmers and contracts with farmers for future delivery of grain. The issue is of substantial importance to country elevators and other grain, feed and processing firms.
Agricultural Law Digest
"Controversy Over Filing Form 1099B,"
Agricultural Law Digest: Vol. 2
, Article 2.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol2/iss3/2