Tax Issues of the Homebuilder
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.
- 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
Recognize the applicable revenue recognition and costing methods required for homebuilding activities.
CPAs and tax professionals.
Applicable if you are a HSCPA member in good standing.
Applicable if you are not a HSCPA member.