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22WC-1075: Tax Issues for Real Estate and Homebuilding (Webinar)

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

Date Tuesday, January 24, 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 homebuilding activities has been subject to IRS scrutiny; primarily in complying with cost capitalization issues and revenue recognition, including costing out for units sold. This program includes 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, avoid IRS audit adjustments, and obtain the most beneficial tax results for the home builder/developer.

Who should take this program?

CPAs and tax professionals.

Major subjects

  • 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 recent tax reform

Learning objective(s)

  • 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

Notes:

Course code Code 22WC-1075
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. General knowledge of IRC 263A, and IRC 461
Advance
prep
None

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

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