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2021 AICPA & CIMA Construction & Real Estate Conference

COR21103 - Fundamentals of Construction Taxation (Pre-conference workshop - additional fee)

Dec 6, 2021 9:50am ‐ Dec 6, 2021 11:30am

Standard: $79.00


Fundamentals of Construction Taxation will cover the unique income tax issues surrounding construction contractors. We will cover practical and real life examples in a manner that allows easy understanding of the basic concepts and relevant issues encountered by contractors including: identifying long-term contracts, income recognition under the percentage of completion, income from completed contracts, other exempt long-term contracts, cash vs. accrual methods of accounting, the application of look-back interest, alternative minimum tax issues related to completed contracts, and the qualified business income deduction under 199A.

Learning Objectives:
  • Recognize the basics of tax accounting concepts and methods available for construction contracts
  • Identify significant book (GAAP)/tax difference inherit in accounting for construction contracts
  • Recognize the basics of the importance of job costing and cost of goods sold


Tags: Construction
Category: Pre-Conference Optional Workshop Additional Fee

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