Taxation of homebuilding activities has been subject to IRS scrutiny, primarily complying with cost capitalization issues and revenue recognition, ...
6/1/2023 10:00am - 1:30pm | Online | CalCPA
Members: $159.00, Non-members: $209.00
CPE Categories: Taxation (4 CPE)
Interest Areas: Business and Industry
Taxation of homebuilding activities has been subject to IRS scrutiny, primarily complying with cost capitalization issues and revenue recognition, including costing out for units sold. This program includes an in-depth analysis regarding tax accounting methods for homebuilding activities, including the application of IRC Section 263A (capitalization and inclusion in inventory costs of certain expenses) and IRC Section 461 (general rule for the taxable year of deduction). This program will provide clear insights to approach compliance with costing rules, avoid IRS audit adjustments, and obtain the most beneficial tax results for the home builder/developer.
Presented by Eugene Ristaino
CPAs and tax professionals working in or serving the construction industry.
General knowledge of IRC 263A, and IRC 461
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