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Workshop: Tax and Equity Risk Considerations for Electric Cooperatives

Workshop: Tax and Equity Risk Considerations for Electric Cooperatives

Wednesday, December 13, 2023 9:00 AM - 4:00 PM Central Standard Time

Workshop: Tax and Equity Risk Considerations for Electric Cooperatives

TEC Georgetown Training Facility, Georgetown, TX  
Wednesday, December 13, 2023 9:00 AM - 4:00 PM   iCalendar Central Standard Time

DECEMBER 13 • TEC GEORGETOWN TRAINING FACILITY

Register by December 5.

This course will focus on issues for senior supervisory personnel involved in the management of the cooperative. The course will cover and address tax issues unique to the cooperative business model.

Registration Fees
Member: $395
Business Alliance Program Member: $395
Non-Member: $425
Group Registration (4 or more attendees): $345 per person

Class limited to 20 attendees.

Cancellation Policy
Cancellations received three weeks prior to the start of the workshop are fully refundable. Cancellations received two weeks prior to the start of the workshop will be issued a refund minus a $175 cancellation fee. Substitutions are accepted. Cancellations the week prior and no shows are responsible for paying the full registration fee.

To register for an event, you will first be prompted to sign in or create a new online account.

Location: TEC Georgetown Training Facility Georgetown, TX
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DECEMBER 13 • TEC GEORGETOWN TRAINING FACILITY

Register by December 5.

This course will focus on issues for senior supervisory personnel involved in the management of the cooperative. The course will cover and address tax issues unique to the cooperative business model.

Registration Fees
Member: $395
Business Alliance Program Member: $395
Non-Member: $425
Group Registration (4 or more attendees): $345 per person

Class limited to 20 attendees.

Cancellation Policy
Cancellations received three weeks prior to the start of the workshop are fully refundable. Cancellations received two weeks prior to the start of the workshop will be issued a refund minus a $175 cancellation fee. Substitutions are accepted. Cancellations the week prior and no shows are responsible for paying the full registration fee.

COURSE INFORMATION

Learning Objective: Identify and assess the tax risks involved in operating as a tax-exempt electric distribution cooperative in a changing business environment.

TOPICS TO BE COVERED

Tax Risk, including:
• IRC Section 501©(12) tax-exempt status - what it is and is not
• 85-15 test considerations and their role in the decision-making process
• Impact of failing 85-15 test
• Unrelated business income tax considerations for expanded business activities 
• Nonprofit, at-cost operation and patrons' equity - federal cooperative tax law, bylaws and patronage capital credit policy considerations
• Impact of regulatory assets and liabilities including deferred revenue
• Special reporting considerations
 

Instructor: Bill Miller, CPA, Utility Tax Partner at Bolinger, Segars, Gilbert & Moss LLP. BSG&M is a full-service certified public accounting firm providing financial statement audits, accounting, tax and other services to clients located throughout the country. The firm was formed in 1954 and is located in Lubbock, TX.

Continuing Education Units and Continuing Professional Education Hours
This course may be eligible for CEUs or CPEs, depending on the governing body. Upon request and completion of the entire course, TEC will provide a certificate of completion to participants that may be used to apply for CEUs/CPEs.