Tax Issues of the Homebuilder

Course Details

Date

Tuesday, September 17, 2019

5:30am – 7:30am
(Registration: 5:00am)

Field of Study

Taxation

Course Number

4193465A

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

Recognize the applicable revenue recognition and costing methods required for homebuilding activities.

Description

Receive clear insights on how to approach compliance with costing rules, avoiding IRS audit adjustments. Obtain the most beneficial tax result for the homebuilder/developer.

Taxation of homebuilding contractors has been subject to IRS scrutiny, particularly in complying with cost capitalization issues and revenue recognition and costing out for units sold. Participate in an in-depth analysis regarding the tax accounting methods for homebuilding activities including the application of IRC Section 263A–uniform capitalization requirements and IRC Section 461–economic performance.

Highlights

  • 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 2017 Tax Reform Act 

Objectives

Recognize the applicable revenue recognition and costing methods required for homebuilding activities.

Designed For

CPAs and tax professionals.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$60.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$94.00
Your Price $94.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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