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

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

Monday, January 23, 2023
10:00am - 1:30pm Central Time
4 CPE (4 technical)

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.

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

Who should take this program?

CPAs, accountants and tax professionals.

Fees

Our records indicate you are a nonmember. If you register, you will be charged $199.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $149.00
checkmarkStandard Nonmember Fee $199.00

More program information

Instructor Eugene Ristaino
Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (4.0)
Level Basic
Format Group Internet Based
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Prerequisites Prereq. Basic understanding of the tax accounting methods for long-term contracts.
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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