Taxation of the Construction Contractor WEBCAST
Overview
Taxation of long-term contracts has evolved into a myriad of compliance requirements and reporting considerations. Understanding complex and sometimes illogical rules is a specialty in itself. Learn the essentials to address both tax and compliance. Based on many years of real estate and construction industry service, this course will efficiently plow through the many issues and provide precise approaches to obtain the most beneficial tax result while meeting compliance requirements.
Highlights
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.
Prerequisites
Basic understanding of the tax accounting methods for long-term contracts.
Designed For
CPAs, accountants and tax professionals serving the building industry.
Objectives
Recognize the applicable revenue recognition and accounting methods required for long-term contracts. Provide a detailed analysis of IRC Code Section 460 and pertinent sections of the 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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Eugene Ristaino, Isdaner & Company LLC
Mr. Ristaino is a partner in a local firm and is Director of Accounting and Auditing and quality control. He has over 30 years experience in public accounting. He manages a diversified practice including construction and real estate, healthcare, manufacturing, governmental auditing (including single audit and HUD), transportation, travel, and not-for-profit organizations. He also has extensive experience in compliance auditing for both the public and private sector. Mr. Ristaino has authored and presents numerous professional education programs around the country and is a former professor of tax law at Villanova and Philadelphia Universities. Gene is a member of the Peer Review Committee for the Pennsylvania Institute of Certified Public Accountants, and is a team captain for the Peer Review Program of the AICPA.
Non-Member Price $209.00
Member Price $159.00