Review of Section 163(j) and the Impact to Cooperatives

Date: Thursday, May 23, 2019
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter(s): Rebecca Smith, CPA
Learning Objectives:
This session will review the deductibility of business interest in light of the Section 163(j). Historically
Field of Study: Tax
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

This session will review the deductibility of business interest in light of the Section 163(j).

Historically business interest expense has been fully deductible however the changes to this section as amended by the 2017 Tax Act could have a significant impact to a cooperative.

Presenter and Moderator Bios
Tax planning and compliance for cooperatives and the agribusiness industry. Focus on federal and state strategic tax planning, maximizing cooperative and patron benefits, ASC740 calculations, and representation before the IRS and other state taxing authorities. Speaker at various local and national organizations on technical tax topics such as the principles of cooperative taxation, tax planning, the Affordable Care Act and healthcare reform, and various state tax matters.

Cost
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.

Registration

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 info@nsacoop.org 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 info@nsacoop.org.