Fundamentals of Construction Taxation
Discover the unique income tax issues surrounding construction contractors.
Dec 07, 2022
Gaylord Rockies, Denver, CO, Live Online
NASBA Field of Study
Fundamentals of Construction Taxation will cover the unique income tax issues surrounding construction contractors. We will cover practical and real life examples in a manner that allows easy understanding of the basic concepts and relevant issues encountered by contractors including: identifying long-term contracts, income recognition under the percentage of completion method, other accounting methods available, other exempt long-term contracts, cash vs. accrual methods of accounting, the application of look-back interest, alternative minimum tax issues, and the qualified business income deduction under 199A.
- Recognize the basics of tax accounting concepts and methods available for construction contracts.
- Identify significant book (GAAP)/tax difference inherit in accounting for construction contracts.
- Recognize pitfalls and tax planning opportunities available to construction contractors.
Presenters: Dee Estep, Nic Waldenmayer
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