What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Who presents the information for one of these courses?
Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Delivery Method: Group-Live.

CLN Policies
Refunds for CLNs are not provided. Member registrants, if unable to participate, will be provided with a link to the PODCast. Note PODCasts are not eligible for CPE credit.

For more information regarding refund, complaint and/or CLN cancellation policies, please contact our offices at (937) 222-6707 or info@nsacoop.org.

What does my registration include?
Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the course meeting room. Sessions include one Certificate of Attendance. Certificates for additional participants are $10.00 each.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A computer, device and/or telephone are all the equipment you need.

CLNs are ideal for multiple attendees. Registrants may use a monitor and speakers/speakerphone and invite others to participate - at no extra cost to you. Additional attendees seeking CPE credit for viewing the session will incur a $10 fee per certificate request.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.

For more information contact the National Office at 937-222-6707 or email to: info@nsacoop.org

Cooperative Learning Network

Current Cooperative Tax Update
Date: Wednesday, September 14, 2016
Time: 12:00 PM ET / 11:00 AM CT / 10:00 AM MT / 09:00 AM PT [Prevailing Time]
Presenter(s): George Benson, Attorney, McDermott Will & Emery, LLP
Objective: This one hour session will focus on current federal income tax developments in the past year of interest to cooperatives
Field of Study: Taxes
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
The program will include a review of Section 199 developments of particular interest to cooperatives including pending Court cases, a new private letter ruling, and a proposed amendment to the regulations. In addition, the presentation will discuss several recent private letter rulings. One of the private letter rulings provides further insight with respect to issues presented under Subchapter T as the internet is used increasingly to communicate with members. Another addresses several issues that arise when a cooperative receives a windfall and seeks to distribute it to members as part of a deductible patronage dividend. A third ruling revisits the rules for determining when partnership income may qualify as patronage-sourced.

Presenter Bio(s)
: George W. Benson is a partner in the law firm of McDermott Will & Emery LLP and is based in the firm’s Chicago office. George focuses his practice on federal income tax planning, tax controversy and tax litigation matters. George works with both public and private corporations (including S corporations), partnerships and limited liability companies and with individual taxpayers on a broad range of federal income tax issues.
In addition, George has done considerable work for cooperative organizations of all kinds, both exempt and non-exempt, engaged in marketing agricultural products, wholesale distribution of products (such as farm supplies, hardware, groceries, office products and hospital supplies), manufacturing, transportation, providing credit and other financial services, electricity and housing.
George has been particularly active in representation cooperatives involved in feral income tax controversies. He is a member of the Legal, Tax and Accounting Committee of the National Council of Farmer Cooperatives and of the Tax Committee of the National Society of Accountants for Cooperatives. He frequently writes and lectures on cooperative tax matters and is editor of the TAXFAX column in The Cooperative Accountant.
George was recognized as one of the leading tax controversies lawyers in the United States in the 2011 edition of The Legal 500 United States.
George is a member of the bars of the State of Illinois, the U.S. Tax Court, the U.S. Court of Federal Claims, and the U.S. Court of Appeals for Federal Circuit and for the Seventh Circuit and the Supreme Court of the United States.

A PODCast of this workshop is now availble. Click here to order/view.

Additional Information

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org

The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org