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Webinar (CA): Taxation of the Construction Contractor

Description

Taxation of long-term contracts has evolved into a myriad of compliance requirements and reporting considerations. Understanding the complex and sometimes illogical rules is a specialty in itself. Learn the requirements to address both tax and compliance. Based on many years of real estate and construction industry service, this course will efficiently plow through the many issues and provide clear approaches to obtain the most beneficial tax result while meeting compliance requirements.

Learning Objectives

• Recognize the applicable revenue recognition and accounting methods required for long-term contracts.
• Provide a detailed analysis of IRC Code Section 460, and related IRS Regulations in Section 1.460.
• Recognize compliance requirements and pitfalls including identification of available elections, including an analysis of which elections are most beneficial.
• Identification and analysis of significant “book vs. tax” differences.

Major Topics

• Walkthrough of accounting methods and relevant elections under IRC 460
• Illustrative examples and analysis
• Review of pertinent cases and revenue rulings
• Update of other IRS activity including 2017 Tax Reform Act

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

CPAs, accountants and tax professionals.

Instructor(s)
Eugene Ristaino
Prerequisites

Basic understanding of the tax accounting methods for long-term contracts.

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
Sep 29, 2021
9:00 am - 12:30 pm MDT
Location
Webinar
Total CPE Credits
4
Format
Webinar

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Webinar (CA): Taxation of the Construction Contractor


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