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Friday, December 1, 2023 Live Webcast

Critical Issues Involving Taxation of Construction Contractors (E2312152)

1:00 PM - 4:30 PM EST

Registration: 12:30 PM EST

webcast

Vendor Platform

4 CPE Credits in TX

OVERVIEW

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.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

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

BENEFITS

  • 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

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

COURSE LEVEL

Intermediate

PREREQUISITES

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

ADVANCE PREPARATION

None

INSTRUCTOR

Kenneth Heaslip

Kenneth A. Heaslip, CPA, CGMA, M.B.A.

Director

Cullari Carrico LLC

Kenn is a director at Cullari Carrico LLC, a regional CPA firm in Northern New Jersey. He also has extensive experience teaching all levels of accounting, auditing and other practice-related areas. Kenn has been a Professor of Accounting at several universities including Seton Hall, where he was the students’ choice as “Educator of the Year” two years in a row, as well as in the Executive Masters of Business Administration program at Rutgers University. In addition, he was the National Director of the Becker CPA Review. Kenn is an active member of the NJCPA, where he has served in positions, such as Vice President, Trustee Chapter President, Committee Chair and Task Force Chair. Kenn currently serves on the NJCPA Professional Conduct Committee, the Federal and State Taxation interest groups, Governmental Accounting & Auditing Interest Groups and the Nonprofit Interest Group.

PRICING

$189.00 - Member

$264.00 - Nonmember

Event Cancelled

This event has been cancelled.

ADDITIONAL OPTIONS

Print a registration form

ALSO AVAILABLE

COURSE DEVELOPER

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