Checkpoint Learning

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Construction Contractors Taxation  

CATEGORY: Taxation
COURSE ID: W102T, VERSION 1.00
  Webinar
2 CPE Credits
Level: Basic

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
Instructor: Tim O'Brien
Instructor assignments are fluid and subject to change.

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