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 and Moderator Bios
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.


All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or