Construction Guide: Tax and Advisory Services (2007)

This book provides CPAs with guidance on the tax considerations that are particular to the construction industry. In addition, it provides CPAs with guidance on engagements for a wide range of situations, including those special to utility contractors, road builders, home construction, commercial construction, residential construction, land developers, real estate developers, and more. The book includes work programs, practice aids, checklists, and sample reports. A free companion CD-ROM includes work papers, practice aids, checklists, and sample reports found in the book is included with the volume. - Overview of Tax Rules and Methods - Contractor Costing Rules - Interest Capitalization Rules - Cash Method - Accrual Methods - Completed Contract Method - Percentage-of-Completion Method - Changing Accounting Methods - Look-Back Method - Alternative Minimum Tax - Home Builders and Developers - Accumulated Earnings Tax and Reasonable Compensation - Income Attributable to Domestic Production Activities - Mid-Contract Change of Contractor: Tax Issues