July 18, 2022


Webinar


4 Total CPE Credits

product-artwork-662393

Taxation of the Construction Contractor

Learning Objectives

  • Recognize the applicable revenue recognition and accounting methods required for long-term contracts
  • Provide a detailed analysis of IRC Code Section 460 and related IRS Regulations in Section 1.460
  • Recognize compliance requirements and pitfalls, including identifying general elections and analyzing which elections are most beneficial
  • Identification and analysis of significant "book vs. tax?? differences

Major Topics

  • Walkthrough of accounting methods and relevant elections under IRC 460
  • Illustrative examples and analysis
  • Review of pertinent cases and revenue rulings
  • Update of other IRS activity including recent Tax Reform

CPE Credits Available

4
Total CPE
4
Taxes

Things to Know About This Course

Prerequisites

Basic understanding of the tax accounting methods for long-term contracts.

Advanced Preparation

None

Intended Audience

CPAs, accountants and tax professionals.

Provider

California Society of CPAs

This event has ended.