[WEB] Critical Issues Involving Taxation of Construction Contractors

Course Details

Date

Thursday, January 6, 2022

8:30am – 12:00pm
(Registration: 8:30am)

Course Number

TCC4

CPE Credit

4.0 hours CPE credit

Instructor

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Previous experience in the construction industry or in providing service to construction clients

Description

Many consider taxation of construction contractors to be the most complex area of the Internal Revenue Code. Probably no other industry has so many elections and considerations that need to be considered and made in order to reduce or defer amounts owed to the Internal Revenue Service. This is a critical presentation tailor-made for CPAs who either work for or represent construction contractors.

Highlights

  • The impact of COVID-19 on the construction industry
  • The impact of the Tax Cuts and Jobs Act and the CARES Act on the construction industry
  • Learn what property is subject to IRC 460
  • Understand how home builders and residential contractors are exempt from IRC 460
  • Learn how to qualify for the small contractor exemption and its advantages to the taxpayer
  • Learn the various options that are available to the small contractor regarding taxation of long-term contracts
  • Discuss how the choice of entity impacts taxation of contractors
  • Learn how AMT impacts the construction industry
  • Learn about IRC 460 and large contractors
  • Learn how uninstalled materials impact taxation of contractors
  • Learn how the look-back rules impact contractors
  • Learn how the 10 percent method can allow certain contractors to defer recognizing taxable income
  • Learn critical tax planning strategies for contractors

Objectives

  • Understand the myriad of laws and regulations and how they impact taxation of construction contractors
  • Understand the many options available in order to reduce or defer recognizing taxable income regarding the construction industry

Designed For

CPAs who either work for or represent construction contractors who are looking for ways to reduce taxable income

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by December 30, 2021.

$150.00
Member Fee

Applicable if you are a HSCPA member in good standing.

$200.00
Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by December 30, 2021.

$300.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$350.00
Your Price $300.00

CPE Choice

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

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