Central Region
Representing Central Region counties:
Holmes, Washington, Bay, Jackson, Calhoun and Gulf
Allen
Scheffer
Board Member
David
Yoder
Michael W.
Thompson
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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.
