Adoption of ASC 842 and COVID Impacts

Dec 7, 2020 4:50pm ‐ Dec 7, 2020 6:05pm

Identification: COR2016

Adoption of ASC 842 and the Impact of COVID-19 on Lease Accounting

Lease accounting continues to be challenging for both public and private companies. Private company real estate lessors and lessees face additional challenges relating to ASC 842 implementation including the effects of the coronavirus.

Learning Objectives



  • Understand how private company real estate lessors and lessees will adopt ASC 842
  • Recognize the COVID-19 impact on lease accounting

606: Lessons Learned

Dec 7, 2020 4:50pm ‐ Dec 7, 2020 6:05pm

Identification: COR2014

This session will cover:

- Topic 606 Revenue from Contracts with Customers lessons learned - Year two considerations

The Future of Residential Real Estate

Dec 7, 2020 4:50pm ‐ Dec 7, 2020 6:05pm

Identification: COR2015

During this session, panelists will cover:

· Impact of Covid-19 to the residential real estate sector

· Trends and future outlook of the industry - iBuyers, lease-to-own, home swapping, Airbnb, etc.

· Changes being made in residential real estate



Morning Remarks and Inside the Political Circus

Dec 8, 2020 11:00am ‐ Dec 8, 2020 12:00pm

Identification: COR2018

This session will provide an inside look at Washington, D.C. and its continued dysfunction, and what the spending decisions, tax debate, infrastructure proposals, health care changes, and pension and retirement reform mean to companies competing to be profitable in the construction industry. Matt Turkstra of the Associated General Contractors of America looks at the construction policy agenda in Congress for this fall and how the 2020 Presidential election will impact the legislative agenda for Congress and the Administration in 2020 and beyond.
Learning Objectives:
  • Understand political trends driving decision making in Washington, DC and beyond.
  • Identify policy priorities of the incoming/second term Presidential administration and the next Congress.
  • Understand the impact of 2021 fiscal policies on construction employers.

Morning Remarks and Allegiant Stadium: From Concept through Completion

Dec 8, 2020 11:00am ‐ Dec 8, 2020 12:00pm

Identification: COR2019

Join, David Manica, president of Manica Architecture to hear about insights into the design, construction, and opening of the new Allegiant Stadium, home of the Las Vegas Raiders.

Click here to watch a behind the scene tour to learn more about the stadium before the presentation

Construction Contract Terms and Risk Mitigation

Dec 8, 2020 12:15pm ‐ Dec 8, 2020 1:30pm

Identification: COR2020

Contracts define the parties’ rights and obligations but are also used as a vehicle to shift risk – often in an unreasonable manner.

  During this session, you will learn:

1. To identify 10 contract clauses that are commonly used to shift risk 

2. Discuss strategies to effectively negotiate more balanced and fair contract terms

Best Practices for Indirect Cost Allocations

Dec 8, 2020 12:15pm ‐ Dec 8, 2020 1:30pm

Identification: COR2021

During this session you will learn to understand:

  • The importance of planning, forecasting, and budgeting your costs.
  • The different types of costs--direct, indirect, equipment, selling, and general and administrative costs--and how to account for each type under GAAP.
  • The importance of knowing all your costs and developing meaningful indirect pools.
  • The importance of forecasting equipment costs, to develop accurate    estimating and costing.

RPTOB Revisited and Prop Regs under 163(j)

Dec 8, 2020 12:15pm ‐ Dec 8, 2020 1:30pm

Identification: COR2023

In this session, we’ll examine the latest developments impacting a taxpayer eligible to elect out of the interest limitation rules of Section 163(j) as a “real property trade or business.”

  • Identify those taxpayers who may elect out of Section 163(j) as a real property trade or business,
  • Understand the consequences of such an election for a taxpayer who makes the election in the first year it would otherwise be subject to Section 163(j).
  • Understand the consequences of such an election for a partnership who makes the election in a year after in which it passed out excess business interest expense.
  • Identify the one-time opportunity afforded by Rev. Proc. 2020-25 to undo a previous Section 163(j)(7) election.

Tax Credits and Incentives available to Contractors

Dec 8, 2020 12:15pm ‐ Dec 8, 2020 1:30pm

Identification: COR2022

Although construction companies may not be the prime target of many tax credits and incentives, contractors should not assume that their activities will not be eligible for certain tax benefits. Further, contractors need to be knowledgeable of credits that may be available to their prospects, which will help with developing new business. This session will explore potential tax credits and incentives available at the federal and state level for construction contractors as well outline the types of credits and incentives available to property owners and developers in which a contractor should be well versed. Finally, the speakers will also touch on state sales and use tax exemptions that contractors need to be aware of so they can properly and competitively bid on projects.

Learning Objectives:

  • Identify expenses that may qualify for a federal income tax credit and/or incentive
  • Understand how certain federal credits and/or incentives available to property owners and/or developers may impact a contractor’s approach to a proposal or project
  • Recognize common business activities or project types that may make a contractor eligible for a state or local tax credit or exemption
Learning Objective:
  • Recognize common business activities that may make a contractor eligible for a state or local tax exemption or credit

Tax Consequences of PPP

Dec 8, 2020 1:55pm ‐ Dec 8, 2020 3:10pm

Identification: COR2028

In this session, we’ll discuss where we stand today in the ever-developing world of PPP loan forgiveness.

  • Understand the impact of Notice 2020-32, Rev. Ruling 2020-27, and Rev. Proc. 2020-51 on the deductibility of expenses paid with PPP proceeds.
  • Identify the ancillary but as yet unanswered questions regarding how nondeductibilty impacts the Section 199A wage limitation.
  • Understand the likelihood of a Congressional fix prior to the 2021 filing season.