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

Capitalization Regulations: Implementation Plan and Issues
Date: Thursday, December 06, 2012
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter(s): Sharon Appelt, Mary Denler, John Hiatt and Rich Shevak
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
Many questions still remain over the temporary "repair" regulations for capitalization accounting methods that were issued by the IRS earlier this year. This session will help cooperative professionals interpret and develop implementation plans for these often complex regulations that affect all cooperatives in one way or another. These temporary regulations affect all business taxpayers who acquire, produce or improve tangible property. They are effective for tax years (or costs incurred in taxable years as appropriate) beginning on or after January 1, 2012. However, the regulations are in effect retroactive, depending on the accounting method used at the time and whether it complies with the new standards.

This one-hour session is the second in a series to inform and provide information and resources to NSAC members on current tax topics.

Presenter Bio(s)
Sharon Appelt, CPA is Tax Director for Northwest Dairy Association and its marketing subsidiary Darigold, Inc. headquartered in Seattle. Sharon has worked 15 years with cooperative tax issues. Before joining Darigold, Sharon worked with PriceWaterhouse Coopers and the Boeing Company. Sharon is a member of the NSAC Tax Committee and Tax Executive Institute. Her education background includes a B.B.A. degree with a concentration in Marketing and a M.S. degree in Accountancy from the University of Houston, and a M.S. degree in Taxation from Golden Gate University. Sharon is a Certified Public Accountant in Washington State.

Mary Denler, CPA is a Tax Manager at Land O'Lakes, Inc. and brings 25 years of corporate tax experience from both public accounting and industry to the cooperative taxation business. She is responsible for improving the efficiency, accuracy, and controls surrounding the corporate income tax process of this Fortune 200 Company. Prior to joining Land O'Lakes, Mary led the federal tax desk at Imation Company through a system implementation, the M-3, FIN 48 and the corporate e-file initiatives of the new millennium. She has represented her employers in IRS and state income tax audits her entire career. She is a CPA and received a B.S. in Business with honors from the Carlson School of Management at the University of Minnesota. She is a member of the AICPA, NSAC, and the MNCPA.

John E. Hiatt, CPA is Corporate Controller for CountryMark, headquartered in Indianapolis, Indiana. CountryMark owns and operates a crude-oil refinery in Mt. Vernon, Indiana. Its fuels and lubricants are distributed to farms, fleets and families through a network of CountryMark member cooperatives. John has over 20 years of experience in dealing with tax issues. Prior to joining CountryMark, John was the CFO for a private equity group and also spent 13 years with Deloitte and Touche. John has a B.S. from the Kelley School of Business at Indiana University and is a Certified Public Accountant.

Richard Shevak is a Senior Manager in Grant Thornton’s Corporate - Strategic Federal Tax Services specializing in tax accounting methods, accounting periods and inventory issues. In this role, he provides technical support to clients and tax professionals in Grant Thornton’s operating offices on a wide range of tax accounting issues including income recognition, timing of deductions, capitalization of expenditures, method changes, as well as special methods of tax accounting including Section 199, inventory, and depreciation. Rich gained approximately five years of broad-based income tax accounting experience at the Internal Revenue Service, Office of Chief Counsel in Washington, D.C. Prior to practice with the Internal Revenue Service, he practiced law as a Judge Advocate in the United States Marine Corps in Quantico, Virginia. Rich received his J.D. from St. John's University School of Law and his B.A. from Dowling College.

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