General Article Archives
Qualified Opportunity Zones under OBBBA
This article will summarize the Qualified Opportunity Fund tax rules under old law and the changes made under the One Big Beautiful Bill of 2025 (OBBBA). It will also discuss the new rules for rural areas, and how these may be helpful to cooperatives. With the changes that were made in OBBBA, it may be worthwhile for cooperatives and their advisors to look more closely at these rules if the cooperative has a significant short- or ...
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The OBBBA Adds a New Option for Structuring Farmland Sales – What is it Worth?
The One Big Beautiful Bill Act (“OBBBA”) includes a new Code section that allows owners of farmland who sell that land to farmers to elect to pay resulting federal income tax over four years without interest. See, Section 1062 (Gain from the Sale or Exchange of Qualified Farmland Property to Qualified Farmers). However, this provision is narrow. The election is limited to tax resulting from “gain from the sale or ...
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The Cooperative Accountant Winter 2026
The Winter 2026 issue of The Cooperative Accountant (TCA) has been released! Focusing on cooperative-related issues, such as accounting and auditing, finance, cooperative management, legal and regulatory issues and taxation, this journal has become widely recognized as the industry standard. NSAC members, please log into Connect to view or download the latest issue.
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Time for Co-op Financing to Get Creative; Potential Federal Budget Cuts Inspire Co-op Community to Look to Domestic, International Financing Models
The following story is not news for people in the United States who are familiar with cooperatives. In the mid-1930s, nine out of ten farms lacked electricity.[1] Investor-owned utilities were not interested in accessing the Federal Rural Electric Administration’s[2] loan program. In contrast, farmers, who were familiar with the cooperative form of business through their membership in agricultural cooperatives, formed electric cooperatives ...
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NSAC Announces Board of Directors for 2025-2026 Term
The National Society of Accountants for Cooperatives (NSAC) is pleased to announce the new Board of Directors for the 2025-2026 term. The Board of Directors aids in determining the culture, strategic focus, and overall direction of the NSAC. The Board supports NSAC’s mission of serving cooperatives by providing accounting, tax and business education uniquely tailored to professionals working for and with cooperatives; providing networking ...
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