National Society of Accountants for Cooperatives (NSAC)

Accounting, Tax, Finance and Business Education Uniquely Tailored to Cooperatives

The National Society of Accountants for Cooperatives (NSAC) is the only professional organization dedicated to providing education, resources and connections to professionals exclusively involved in the financial management and planning of cooperatives.

Joining the NSAC connects you with a vibrant network of professionals and industry experts in the cooperative sector, fostering collaboration and knowledge sharing. Members gain access to specialized education through events, webinars, and seminars tailored to cooperative tax, accounting, and finance. With resources like "The Cooperative Accountant" and CONNECT, our exclusive platform, NSAC supports your professional growth while keeping you informed on industry trends.

When a Small Cooperative Prevails in Litigation With the IRS, It May Be Entitled To Recover Some of Its Costs

April 2, 2025

Under certain limited circumstances, a taxpayer that substantially prevails in a tax dispute with the IRS may be able to recover a portion of its administrative and legal expenses (including attorney’s fees). See, Section 7430 of the Internal Revenue Code. Taxpayers eligible for recovery include individuals whose net worth at the time the civil action was filed did not exceed $2 million. Relief is also available for unincorporated ...

Proposed Regulations Update Guidance on Section 30C Alternative Fuel Vehicle Refueling Property Credit

March 26, 2025

Internal Revenue Code (“Code”) Section 30C provides a credit for certain costs of qualified alternative fuel vehicle refueling property placed in service within low-income communities or non-urban census tracts. On September 19, 2024, the Internal Revenue Service (“Service”) published a proposed rule to provide additional guidance for the credit. Section 30C was enacted as part of the Energy Policy Act of 2005, and ...

Loper Bright – Supreme Court Decision – Implications on Tax Regulations

March 19, 2025

In the Spring 2024 column of TAXFAX, David Antoni, Christopher Hanna and Eric Krienert of Moss Adams authored Loper Bright Goes Up to Supreme Court and Implications for Federal Agency Regulations. The article provided an overview of Loper Bright Enterprises v. Raimondo, Case No. 22-451, certiorari granted (May 1, 2023), for which the Supreme Court heard oral arguments on January 17, 2024. The case set-up a challenge to overturn the Supreme ...

Section 163(j) and Patronage Dividends Patrons Receive from Credit Cooperatives

February 28, 2025

The U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) provide taxpayers with an opportunity to suggest tax issues of general interest for which guidance would be helpful to taxpayers under a program called the Priority Guidance Plan. The National Council of Farmer Cooperatives (NCFC) sent a letter on May 30, 2024 recommending the issuance of guidance with respect to the treatment of patronage dividends received by a ...

The National Society of Accountants for Cooperatives

Accounting, Tax, Finance and Business Education Uniquely Tailored to Cooperatives

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Events

The Cooperative Compass

Employee Ownership for Small Business Advisors and Accountants

Artificial Intelligence in Accounting and Auditing

Risk Management: Understanding Insurance

Think Like a Hacker: Cybersecurity Update

Happenings

When a Small Cooperative Prevails in Litigation With the IRS, It May Be Entitled To Recover Some of Its Costs

Proposed Regulations Update Guidance on Section 30C Alternative Fuel Vehicle Refueling Property Credit

Loper Bright – Supreme Court Decision – Implications on Tax Regulations

Section 163(j) and Patronage Dividends Patrons Receive from Credit Cooperatives