Grand Forks Hilton Garden Inn
8 CPE Hours
$250 Member (AICPA member $220)
$300 Nonmember (AICPA member $270)
Add $25 after 8/3/2010
Instructor: Thomas Sheets
This course explores tax issues facing the construction industry and the intricacies of contractor tax law and regulations. Tax topics covered include: an overview of tax accounting for the contractor including SFAS No. 109, Deferred Income Taxes, taxation of small and large contractors, alternative minimum tax considerations for contractors, the look-back method and tax planning for the contractor. An appendix is also included covering construction contract accounting.
Upon completion of this course, participants will be able to:
Handle income tax issues for the contractor including SFAS No. 109, Deferred Income Taxes
Distinguish between taxation issues of small and large contractors
Identify and apply key tax laws and regulations to the construction industry
Apply the alternative minimum tax and look-back method to the contractor
Capitalize on tax planning opportunities for the contractor
Highlights:
Nature of the construction industry
Foundation of tax accounting for the contractor
SFAS No, 109, Deferred Income Taxes
Tax laws and regulations applicable to contractors
Taxation of small and large contractors
Alternative minimum tax considerations for the contractor
Look-back issues for construction contractors, including available exceptions
Tax planning opportunities and approaches for the contractor
Designed For: Tax Practitioners and professionals in the construction industry Level: Intermediate Developer: AICPA Prerequisite: Experience in providing services for construction contractors
