MNCPA is here for you.
Let us know how we can help.

22WC-1071: Taxation of the Construction Contractor (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Monday, January 23, 2023
Time 10:00am - 1:30pm
Central Time
Location Online
CPE credits CPE 4.0
Field(s)
of study
Taxes - Technical (4.0)
Instructor Eugene Ristaino
Fees
Standard Member Fee $149.00
Standard Nonmember Fee $199.00

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 essentials 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 precise approaches to obtain the most beneficial tax result while meeting compliance requirements.

Who should take this program?

CPAs, accountants and tax professionals.

Major subjects

  • 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 recent Tax Reform

Learning objective(s)

  • 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 identifying general elections and analyzing which elections are most beneficial
  • Identification and analysis of significant "book vs. tax" differences

Notes:

Course code Code 22WC-1071
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Basic
Format Group Internet Based
Prerequisites Prereq. Basic understanding of the tax accounting methods for long-term contracts.
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

view cart

Search CPE catalog

Event code
Keyword

Advanced search
View all CPE programs