Scholarship Criteria and Eligibility
The Society will be awarding scholarships to graduating high school seniors or students currently enrolled in an accredited college or university who have an interest in pursuing a career in business, accounting or finance.
The applicant will require a sponsor who is a member of the National Society of Accountants for Cooperatives (NSAC), and he/she plans to major in business, accounting or finance. The applicant must be US citizen and the institution they attend must be in the United States.
Applications must be submitted online by midnight local time by April 30 of each year. Scholarship applicants will be notified of their application status by June 15 of each year.
Purpose of Scholarship Program
The purpose of NSAC's Scholarship Program is to provide ongoing support for NSAC members and to encourage the pursuit of a degree in business, accounting or finance.
Application/Selection Process
- Visit our on-line application before April 30 of each year.
- Complete all sections of the application.
- A copy of the applicant's most recent transcripts need to be uploaded with the application.
- Completed and submitted applications will be verified for eligibility by the NSAC Selection Committee.
Recent Happenings
.png)
Cheers to 90 Years! NSAC is Celebrating a Milestone!
The National Society of Accountants for Cooperatives is thrilled to celebrate its 90th Anniversary—a milestone marking nine decades of supporting professionals in cooperative financial management and planning while advancing the cooperative model. Since 1935, NSAC has been the go-to for industry-specific education, resources, and connections. We’re kicking off the celebration in style at COMPASS, where attendees, both virtual ...
More Information
The User Fee for Letter Ruling Requests Is Increased Again
At the beginning of each year the IRS releases a revenue procedure detailing how to go about requesting a private letter ruling, closing agreement or determination letter. This year’s revenue procedure is Rev. Proc. 2025-1, 2025-01 IRB 1 (December 30, 2024). The annual revenue procedure has gradually expanded and now takes up 117 pages in the Internal Revenue Bulletin. For someone not familiar with the process of seeking private letter ...
More Information
When a Small Cooperative Prevails in Litigation With the IRS, It May Be Entitled To Recover Some of Its Costs
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 ...
More Information