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?

No wasted time. Get right to the heart of the matter in a 60-minute session designed to easily fit into your busy schedule.

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.

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.

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

Repair Regulations
Date: Wednesday, October 24, 2012
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter(s): Eric J. Lucas
Objective: This session will be an in-depth presentation on the 2012 Repair Regulations.
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
This one-hour session will cover the 2012 Repair Regulations in detail, including:

•Background, intended scope, and application of the new Repair Regulations
•New capitalization standards, including special safe harbors and de minimis rule
•Changes to the MACRS depreciation rules including new rules for general asset accounts (GAAs)
•Effective dates, transition rules, and change in accounting method procedures
•The practical impact of these changes and LB&I stand down order

This session will include everything you've wanted to know about the 2012 Repair Regulations with time for questions and answers.

Presenter Bio(s)
Eric Lucas joined KPMG's Tax Practice on October 3, 2011 as a principal in the Income Tax and Accounting group. Eric's practice focuses on the emerging issues associated with the capitalization / repair expense regulations, inventories, cost recover and many other matters involving methods of accounting and general tax principles.

Eric recently left the U.S. Department of the Treasury's Office of the Tax Legislative Counsel, where he served as an attorney advisor. In this role, Eric was a member of the working group that revised the 2008 proposed repair regulations in response to practitioner and taxpayer comments. The working group included a number of key government officials from the IRS Office of Chief Counsel and the IRS Commissioner's office. In addition to focusing on the repair regulations, Eric worked with IRS personnel in crafting guidance on a number of difficult accounting methods issues, business credits, and general domestic tax issues. Eric also worked with congressional tax writing committees in developing tax legislation while at Treasury. Eric has over 13 years (including three years with the Treasury Department) of professional experience that includes positions with the IRS Chief Counsel's Income Tax and Accounting Division and the accounting methods practices of the Big Four accounting firms.

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