Utility Accounting & Business Seminars
Annual Advanced Co-op Tax Forum
December 2-3, 2010
Excalibur Hotel
Las Vegas, NV
$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.
Prior year discussions have included:
- 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 tax law matters
- Advanced capital credit strategies
- Patronage/non-patronage 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 the outside advisor is responsible to
- Losses: exempt period member and nonmember, UBI section 172 losses, nonexempt patronage and non-patronage 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
Utility Seminar Contacts
Registration Information
Diane Howe
509-777-0123
Course Content Information
Cheri Burnham
509-777-0122
