Checkpoint Learning

Course Detail

Construction Contractors Taxation  

CATEGORY: Taxation
2 CPE Credits
Level: Basic
Please contact a salesperson at 800.231.1860 to buy this course.

In this webinar you will learn about some of the many opportunities and potential problems in the tax arena that face the construction industry today. Among the items to be discussed are:
  • An overview of the construction industry
  • The construction process and characteristics unique to the industry
  • How Internal Revenue Code section 460 treats long term contracts for tax purposes
  • The “small contractor exemption”
  • Revenue recognition methods including completed contract method, percentage of completion method, accrual method, and the cash method
  • Alternative Minimum Tax Consideration for Contractors
  • The “Look-Back Method” will be discussed
  • Taxation of joint ventures
  • Cost allocation rules
  • Taxation of residential and home construction costs
NOTE: The voluntary IRS Annual Filing Season Program (AFSP) requires that CE Sponsors collect PTINs from IRS professionals who wish to receive IRS credit. IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-231-1860. THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.

Please contact a salesperson at 800.231.1860 to buy this course.

Accreditation Information

Learning objectives

Course outline