What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Who presents the information for one of these courses?
Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Delivery Method: Group-Live.

CLN Policies
Refunds for CLNs are not provided. Member registrants, if unable to participate, will be provided with a link to the PODCast. Note PODCasts are not eligible for CPE credit.

For more information regarding refund, complaint and/or CLN cancellation policies, please contact our offices at (937) 222-6707 or info@nsacoop.org.

What does my registration include?
Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the course meeting room. Sessions include one Certificate of Attendance. Certificates for additional participants are $10.00 each.

Why NSAC Cooperative Learning Networks?

No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

A computer, device and/or telephone are all the equipment you need.

CLNs are ideal for multiple attendees. Registrants may use a monitor and speakers/speakerphone and invite others to participate - at no extra cost to you. Additional attendees seeking CPE credit for viewing the session will incur a $10 fee per certificate request.

NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.

For more information contact the National Office at 937-222-6707 or email to: info@nsacoop.org

Cooperative Learning Network

Electric Cooperatives and Tax Reform: One Year Later - the Good, the Bad and the Ugly
Date: Tuesday, April 23, 2019
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Approximate Duration: 60 minutes
Presenter(s): Bill Miller, CPA - Tax Partner, Bolinger, Segars, Gilbert & Moss, LLP; David Cook, Jr., Autry, Hall & Cook, LLP
Objective: This session will be an overview of implications for Electric Cooperatives resulting from the recent Tax Reform Act.
Field of Study: tax
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
A driving force behind income tax reform brought on by the Tax Cuts and Jobs Act of 2017 was to provide corporate income tax relief. This was accomplished by replacing the tiered corporate income tax rates and highest effective rate of 35% with a flat rate of 21%. However, to pay for the lower corporate tax rate there were both winners and losers. Tax-exempt and taxable electric cooperatives are no different. They must now deal with changes in tax law that have intended consequences (both good and bad), unintended consequences (mostly bad) and the hard to believe consequences (the ugly).

Presenter Bio(s)
Bill Miller, CPA is a tax partner at the accounting firm of Bolinger, Segars, Gilbert and Moss in Lubbock, Texas. He began his career with the firm in 1992 and holds an accounting degree from the University of Texas at Austin.

Bill is in charge of the firm?s utility and cooperative tax practice. The goal of his department is to provide tax and consulting services to the firm?s exempt and non-exempt utility cooperative audit clients, including subsidiary companies. His responsibilities include:

*Structuring plans to allocate and redeem patronage capital;
*Advising on entity selection for new business ventures; and
*Tax research, tax planning and preparation of applicable federal and state income tax returns.

David Cook has advised cooperatives on the proper treatment and management of capital credits and patronage dividends. He has assessed risk arising from cooperatives? capital credit policies and practices, and implemented recommendations for minimizing such risk. Because of his expertise in the legal, tax, and financial aspects of cooperative operation, he can discuss capital credit accounting and characterization with management and explain such details in understandable terms to boards of directors.



Registrations are completed on-line. Include the name(s) of the course(s) for which you would like to register and the email address of the primary registrant, to which program information should be forwarded. Log-in details will be email to primary registrants one day prior to each course.

Fees and Payment Procedures

  • The fee for each NSAC member participant login location is complimentary. For locations with more than one computer login each device login must have a named primary registration on file with NSAC.
  • The fee for each non-member participant login location is $70.00.
  • A participant sign-in sheet will be sent in advance of all sessions and the names of actual participants can be changed or added at this point. Each primary registration includes one CPE certificate. Additional participants may request a certificates of attendance for $10 each.
  • Non-members must pay online.

Delivery System

  • All programs will be delivered using Adobe Connect. Participants may start logging in 20 minutes prior to CLN’s start time. Participants may call the toll-free conference phone number to access the audio portion of the presentation or use their computer speakers. Participants’ phone lines/device is automatically muted upon connection to the call.
  • • All participants should have Internet access (high speed access recommended but not required) and an audio connection via either speakers or phone. For more than one participant per participant location, a quiet conference room with a monitor/screen and speaker phone is suggested.
  • Assistance is available with procedural, downloading or connection issues 20 minutes prior to the start of the presentation.

System requirements to use Adobe Connect:
Adobe Connect only requires that you have an Internet connection and Adobe Flash Player version 10.1 or greater to attend a webinar. Adobe Connect supports nearly any operating system including Windows, macOS, Linux, Solaris, iOS and Android as well as the most widely used browsers including Internet Explorer, Firefox, Safari, and Chrome. You can test your system for compatibility HERE.

Adobe Connect has an app available through the AppStore or Google Play.

Refund Policy

NSAC will not issue refunds for a Cooperative Learning Network registration. If a registrant is unable to participate in the Cooperative Learning Network, he/she will receive a link to the session’s Podcast.

Tip: Viewing the Podcast does not qualify for CPE credit.

Log Ins

Participants can log-into a course 20 minutes prior to the start time of the session. You may then download related files from the file pod in the sidebar. Course materials will also be sent within 72 hours of the CLN. If you experience difficulty downloading please call our office at (937) 222-6707 or email info@nsacoop.org. For those registrants who may experience difficulty logging in to the video portion of the Cooperative Learning Network session, the audio can still be accessed by phone.


Podcasts are available within three business days after the CLN. CPE is not available for viewing of the recorded session.

Additional Information

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org

The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org