Current Cooperative Tax Developments

Date: Thursday, January 14, 2021
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): George Benson, Attorney and Partner, McDermott, Will & Emery LLP
Objective: Those participating will gain insight and review the tax implications regarding rulings addressing capital gains; will develop an understanding of 163(j) developments and their limitations; and participate in a discussion of the tax developments during the past 12 months that are of interest to those working in the tax area of cooperatives.
Field of Study: Tax
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based

No advanced preparation or prerequisites are required for this course.
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Course Description
This 60-minute CLN will review tax developments during the past year of particular interest to cooperatives. Participants will gain insight and a review of the tax implications regarding two new private letter rulings addressing capital gains, 163(j) developments, CARES Act changes, final regulations, coop tools for coping with 163(j) and their limitations, tax court decisions in ag procession, PPP loan forgiveness complications for cooperative tax planning, cooperatives and net operating losses, dealing with TCJA net operating loss limitations going forward, 199A(g) and what to look for when the final regulations are issued and more. This session will be a comprehensive review those involved in cooperative tax won't want to miss.

Presenter Bio(s)
George Benson is a partner in the law firm of McDermott Will & Emery LLP and is based in the firm's Chicago office. George focuses his practice on federal income tax planning, tax controversy and tax litigation matters. George works with both public and private corporations including S corporations, partnerships and limited liability companies and with individual taxpayers on a broad range of federal income tax issues.

Free for NSAC Members / $56.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.