What is NSAC's Cooperative Learning Network?
A NSAC Cooperative Learning Network is a live, interactive 60-minute conference presented over the telephone and over the Internet. You can attend from any location that has telephone and Internet access. You pay just one registration fee for as many participants as you wish at each call/log-in location.

Note that high-speed Internet access is not mandatory – the system works with dial-up but you must have separate connections for the audio and video portions. You may use cell phones for the audio if you have only one connection.

Who presents at one of these sessions?
Your Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. Conferences typically include a Q&A session; you can ask questions by phone or instant messaging options.

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. Registrants if unable to participate will be provided credit for a future CLN or may opt to be sent a copy of the CLN PODCast following the event. 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 session meeting room. Sessions include one CPE 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 60-minute session designed to easily fit into your busy schedule.

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

A telephone and computer are all the equipment you need. Just dial in and log-in to the system. That's it.

Ideal for multiple attendees.
Use a speakerphone and projector and invite as many people as you want to participate - at no extra cost to you.

NSAC Cooperative Learning Networks are a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.

Cooperative Learning Network

Broadband Tax Considerations for the Exempt Electric Cooperative (LIVE REPEAT)
Date: Wednesday, November 01, 2017
Time: 01:00 PM ET / 12:00 PM CT / 11:00 AM MT / 10:00 AM PT [Prevailing Time]
Presenter(s): Bill Miller, CPA - Tax Partner, Bolinger, Segars, Gilbert & Moss, LLP; Ty Thompson, Vice President & Deputy General Counsel, Director and Member Legal Services; NRECA
Objective: Join us for this one and a half (1.5) hour session, as the panelists will discuss the federal income tax issues a cooperative should consider for structuring and operating as a broadband service provider.
This CLN is brought to you by NSAC and the Electric Chapter (ECC) along with the ECBA and the NRECA
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
NSAC is co-sponsoring this webinar with the Electric Cooperative Bar Association (ECBA). ECBA is a professional network of the National Rural Electric Cooperative Association (NRECA) and is comprised of attorneys who represent NRECA Voting Members.Broadband may be an opportunity for some electric co-ops to bridge the digital divide in rural America. It may also present legal issues including easement rights, tax implications, and whether or not the co-op has proper authority under state law to engage in non-electric service activities. In a question and answer format, the panelists will discuss the primary tax issues an electric cooperative should consider when analyzing whether or not to become a broadband service provider. Included will be a survey of the basic organizational structures (e.g. multi-divisional cooperative versus subsidiary corporation), when and how to treat broadband as a "like activity", as well as 85-15 Test and unrelated business income tax considerations.

Presenter Bio(s)
Bill Miller, CPA is a tax partner with the accounting firm of Bolinger, Segars, Gilbert & Moss L.L.P. (Lubbock, Texas) and has practiced public accountancy for the past twenty years almost exclusively in the areas of utility and cooperative taxation. Specifically, Bill is in charge of the firm's utility and cooperative tax practice, providing tax and consulting services to the firm's exempt and non-exempt utility cooperative clients, including related subsidiary companies. Responsibilities include tax research, tax planning, advising on entity selection for new business ventures, compliance with cooperative principles and structuring plans to allocate and redeem patronage capital. Bill has recently consulted with national and regional trade associations in providing guidance on tax and equity issues pertaining to electric cooperatives. Bill is also an active member of the National Society of Accountants for Cooperatives (NSAC) and currently serves as a national director and Vice President and as a director of the NSAC Electric Cooperative Chapter.

Ty Thompson is Vice President and Deputy General Counsel, Director and Member Legal Services for the National Rural Electric Cooperative Association in Arlington, Virginia. He is part of NRECA's Office of General Counsel. A native of Raleigh, North Carolina, Ty graduated magna cum laude in Industrial Engineering from North Carolina State University in 1987. After working approximately two years as an Inside Sales Engineer in Charlotte, N.C., Ty attended the University of North Carolina School of Law in Chapel Hill. He graduated in 1992. After working briefly for a personal injury law firm in Durham, N.C., Ty practiced law four and one-half years at Crisp, Page, and Currin in Raleigh. While there, Ty worked extensively with electric cooperatives. In July 1997, Ty began working for NRECA. At NRECA, Ty works primarily with electric cooperative tax, corporate governance, and operational legal issues. In addition, Ty is the Editor for NRECA's monthly Legal Reporting Service; presents at NRECA's annual Legal Seminar; assists with NRECA Course 925.1, Cooperative Bylaws: Guiding Principles and Current Issues; researches and drafts sample electric cooperative documents like NRECA's Bylaw Revision Guide; speaks at various conferences, seminars, and meetings regarding electric cooperative legal issues; counsels NRECA regarding corporate governance legal issues; and serves as Parliamentarian for the NRECA Board of Directors.

A PODCast of this workshop is now availble. Click here to order/view.

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