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Event Description

Construction contractors are like any other tax client–except when it comes to determining income. (Not to mention best cost recovery options). Add all the usual issues with any owner-managed business and providing tax services to construction contractors is a recognized specialty.

 Bring your toughest questions to this program and go back to your office with answers.

In this program:
– Review the IRS Audit Guide for Construction Contracts, and recent changes
    o Percentage of Completion
    o Completed Contract
– Address recent changes in the law affecting Construction Contractors
    o Cash vs Accrual
    o $25 million threshold for application of some rules
    o New Section 199A
    o New Section 163(j) Limitation on Business Interest
    o New Section 461(l)(1)(B) Excess Business Loss Limitation

Objectives

Learning 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

Discussion Leader

E. Nichols, CPA