Telecom Accounting & Business Seminars

Annual Advanced Co-op Tax Forum

November 11-12, 2008

Excalibur Hotel
 Las Vegas, NV

Register

$795 2-day course

CPE Credits: 10

Who Should Attend?

This advanced taxation update is intended for those who have a significant understanding of utility co-op taxation. With this in mind, the instructors will not be providing an overview of co-op taxation and basic capital credit issues. Cooperative accountants with a significant role in taxation issues, attorneys, and CPAs should attend.

What You'll Learn

  • Recent tax law changes, cases, IRS rulings, and regulations
  • Pending issues
  • Case studies presented by attendees for group discussion
  • Trends affecting utility cooperatives

Class format: half lecture, half open forum

The instructors will allocate approximately half the seminar to a prepared lecture and half to an open discussion format encouraging specific questions and ideas raised by attendees. Attendees will be contacted via e-mail for specific questions and topic ideas.

Topics and specific situations discussed in prior years include the following:

  • Volume based voting; multiple classes of members; treatment of new customers; pool accounting for new activities
  • Factors that determine structure; operating divisions; subsidiaries; LLCs; minority investors
  • Advanced topics on exemption
  • Advanced issues on Pre-62 matters
  • Advanced capital credit strategies
  • Patronage/nonpatronage netting and IRS rulings
  • Conversion from exempt to taxable
  • Determination of tax basis of assets upon conversion to taxable
  • Treatment of exempt period losses
  • Tax depreciation strategies and elections
  • Half year conventions
  • Contributions in Aid of Construction in light of recent IRS pronouncements
  • Moving assets from cooperative to subsidiaries
  • Moving assets from subsidiaries to exempt and taxable co-ops
  • Final liquidation of a cooperative in the event of sale
  • Issues arising in a sale: fair value and due diligence responsibility; allocation of sales price; request for prompt assessment of tax; who is outside advisor is responsible to
  • Losses: exempt period member and nonmember; UBI section 172 losses; nonexempt patronage and nonpatronage section 172; transferring losses to subsidiaries
  • Management of the Enterprise: exempt co-op with taxable subsidiaries; practices to maximize value of the enterprise to members

Instructors

Cheri Burnham

Moss Adams LLP

Tom Strait

Washington Utility Group

Let us bring this course to your location.

Telecom Seminar Contacts

Registration Information

Karen Arndt

509-777-0153

Course Content Information

Rick Betts

509-777-0187

Send us an e-mail

Events

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Courses in the Cooperatives series:

Course Combo Opportunities: Make the most of your training dollar and trip to Las Vegas by also registering for Capital Credit Strategies or Corporate Tax Accounting for Regulated Telcos.