What is NSAC's Cooperative Learning Network?
A NSAC Cooperative Learning Network is a live, interactive 60-minute conference presented over the telephone and over the Internet. You can attend from any location that has telephone and Internet access. You pay just one registration fee for as many participants as you wish at each call/log-in location.

Note that high-speed Internet access is not mandatory – the system works with dial-up but you must have separate connections for the audio and video portions. You may use cell phones for the audio if you have only one connection.

Who presents at one of these sessions?
Your Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. Conferences typically include a Q&A session; you can ask questions by phone or instant messaging options.

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. Registrants if unable to participate will be provided credit for a future CLN or may opt to be sent a copy of the CLN PODCast following the event. 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 session meeting room. Sessions include one CPE 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 60-minute session designed to easily fit into your busy schedule.

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

Easy.
A telephone and computer are all the equipment you need. Just dial in and log-in to the system. That's it.

Ideal for multiple attendees.
Use a speakerphone and projector and invite as many people as you want to participate - at no extra cost to you.

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

Cooperative Learning Network

A members only PODcast archive of this seminar is now available. Note PODCasts do not qualify for CPE credit. Click here to order!

NSAC - Farm Service Case Developments: Implications for M-3 Deductions
Date: Thursday, May 05, 2011
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Daniel R. Shultz, CPA
Objective: (1) learn the basics of the Farm Service court decision on whether co-ops can offset patronage losses against nonpatronage income, and (2) hear both sides of the current controversy between co-ops and the IRS over whether the Farm Service rule prohibits netting M-3 deductions against nonpatronage income
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
Participants will (1) learn the basics of the Farm Service court decision on whether co-ops can offset patronage losses against nonpatronage income, and (2) hear both sides of the current controversy between co-ops and the IRS over whether the Farm Service rule prohibits netting M-3 deductions against nonpatronage income.

Presenter Bio(s)
Dan is a CPA with over thirty-two years of co-op tax experience including due diligence and tax planning in connection with several major co-op mergers and LLC joint ventures; representing co-ops in handling all IRS examinations and appeals; planning large acquisitions and financing transactions, and helping clients develop and restructure patronage programs.

Prior to forming Cooperative Consulting, which specializes in cooperative tax matters, Dan practiced as a tax partner and National Director of tax services to cooperatives for PricewaterhouseCoopers.

Dan's professional activities include his role as vice-chair of the Computing Patronage Dividends subcommittee of the legal, Tax and Accounting Committee of the National Council of Farmer Cooperatives, and he also serves as a member of the Tax committee for the National Association for Accountants for Cooperatives. He is a frequent speaker and panelist on cooperative tax matters.

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