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Webinar (CA): Tax Issues for Real Estate and Homebuilding

Description

Taxation of homebuilding contractors has been subject to IRS scrutiny. Especially, in complying with cost capitalization issues and revenue recognition, particularly costing out for units sold. Participate in an in-depth analysis regarding tax accounting methods for homebuilding activities, including the application of IRC Section 263A–uniform capitalization requirements, and IRC Section 461–economic performance. This program will provide clear insights to approach compliance with costing rules, avoiding IRS audit adjustments, and obtaining the most beneficial tax results for the home builder/developer.

Learning Objectives

• Recognize the applicable revenue recognition and costing methods required for homebuilding activities.
• Determine appropriate accounting methods now available as a result of tax reform.
• Identify areas where tax deferral still exists, especially for small businesses.

Major Topics

• Walkthrough of costing methods and compliance issues under IRC 263A
• Analysis of IRC 461 related to economic performance
• Illustrative examples and analysis
• Sample computations for homebuilder unit costing
• Recent IRC 263A challenges by the IRS
• Update of related cases and issues – including 2017 Tax Reform Act

Provider
California CPA Education Foundation
Course Level
Intermediate
CPE Field of Study
Tax
4
Who Should Attend

CPAs and tax professionals.

Instructor(s)
Eugene Ristaino
Prerequisites

General knowledge of IRC 263A, and IRC 461.

Advanced Preparation

This webinar is produced by AICPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Dec 3, 2021
9:00 am - 12:30 pm MDT
Location
Webinar
Total CPE Credits
4
Format
Webinar

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Webinar (CA): Tax Issues for Real Estate and Homebuilding


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