Construction Industry Tax Issues, 2013

Construction Industry Tax Issues (2013) is a supplement to the U.S. Master Tax Guide providing additional coverage of the federal tax rules applicable to participants in the construction industry including contractors, subcontractors, and real estate developers. The publication provides helpful and practical guidance on todays federal tax laws that affect 2012 returns such as accounting for long or short term construction contracts, common deductible business expenses, and classifying workers as employees or independent contractors. Significant new tax developments are conveniently highlighted and concisely explained for quick reference and understanding. In addition, examples are provided that illustrate the application of the tax laws. The publication is meticulously researched and footnoted to provide tax practitioners with the most accurate and legally sound guidance to help them understand, apply and comply with today's complex federal tax laws as applicable to taxpayers in the construction industry.