Construction Industry Tax Issues (Currently Unavailable)

Author: Stuart P Sobel

The depressed economy has had a devastating impact on the construction industry, making it imperative for tax practitioners to help those clients obtain all tax benefits that are available to them. Here we will address relevant tax issues, including basics of tax law and ways to provide construction industry clients with real benefits.

Publication Date: December 2014

Designed For
Tax practitioners who would like to advise their clients about construction industry tax issues.

Topics Covered

• Accounting methods and proper tax reporting, along with procedures for changes in accounting methods
• Capitalization of indirect costs for long-term contracts
• Independent contractor versus employee classification
• Tax credits
• Accumulated Earnings Tax
• Potential upcoming tax legislation impacting the construction industry
• Bankruptcy and insolvency issues
• Qualified real property indebtedness
• Domestic production activities — IRC section 199
• Miscellaneous topics such as industry codes and IRS sources of assistance

Learning Objectives

• Identify significant tax issues and apply them to the construction industry
• Determine whether workers are employees or independent contractors
• Identify available tax credits

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None