Description
This presentation will focus on the small contractor exemption afforded by Internal Revenue Code Section 460. Discussion will include:
- Qualifying for the small contractor exemption
- Methods of tax accounting available to the small contractor
- AMT considerations for the small contractor
Learning objectives include:
- Becoming familiar with the different methods of accounting for construction contracts that are exempt from Internal Revenue Code Section 460
- How to recognize the deferral opportunities and the impact of AMT for contracts that are exempt from Internal Revenue Code Section 460
Speaker(s):
