Farm Credit of Northwest Florida’s AgVocator Scholarship Program is offering one scholarship up to $24,000 to a high school senior, college freshman or sophomore with plans to pursue a career in agriculture. The deadline to apply is February 10. To learn more visit here
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The member generally does not recognize Nonqualified Allocated Surplus as taxable income until it is redeemed or retired in cash.
The member generally recognizes the allocation as taxable income in the year the notice of allocation is received.