June 1, 2022 12:30pm – 4:00pm Map & Directions 602-252-4144

Webcast: Critical Issues Involving Taxation of Construction Contractors (12:30-4)

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description

Many consider taxation of construction contractors to be the most complex area of the Internal Revenue Code. Probably no other industry has so many elections and considerations that need to be considered and made in order to reduce or defer amounts owed to the Internal Revenue Service. We will also discuss the impact of COVID-19 on construction taxation. This is a critical presentation "tailor-made" for CPAs who either work for or represent construction contractors.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

12:00pm

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webcast
Taxation
4

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.

Course Level

Intermediate

Vendor

Surgent McCoy CPE, LLC More With This Vendor

Designed For

CPAs who either work for or represent construction contractors who are looking for ways to reduce taxable income.

Prerequisites

Previous experience in the construction industry or in providing service to construction clients.

Event Leaders

Peterson, David E.

Rating: 4.73


David Peters is the Founder and Owner of David Peters Financial Group and Peters Tax Preparation & Consulting, PC. Peters has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. Peters was the first-ever Chief Financial Officer at Compare.com - a position he held for more than three years.

Currently, Peters is a National Instructor for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. Peters holds four masters degrees, and is pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. Peters was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.


More With Peterson, David E.

Highlights

  • Learn what property is subject to IRC Sec 460.
  • Understand how home builders and residential contractors are exempt from IRC Sec 460.
  • Learn how to qualify for the "small contractor exemption" and its advantages to the taxpayer.
  • Learn the various options that are available to the "small" contractor regarding taxation of long-term contracts.
  • Discuss how the choice of entity impacts taxation of contractors.
  • Learn how AMT impacts the construction industry.
  • Learn about IRC Sec 460 and "large" contractors.
  • Learn how "uninstalled materials" impact taxation of contractors.
  • Learn how the "look-back" rules impact contractors.
  • Learn how the "10% method" can allow certain contractors to defer recognizing taxable income.
  • Learn critical tax planning strategies for contractors.

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