Taxation of the Construction Contractor
Available Until
Self-study
4.00 Credits
Member Price $99.00
Non-Member Price $129.00
Overview
Mastering Crypto Accounting: Navigating the Digital Asset Revolution is your essential guide to understanding the intersection of accounting, digital assets, and blockchain technology. Led by industry expert Aaron Jacob of Taxbit, this course explores the rapid adoption of cryptocurrencies, regulatory developments, and real-world use cases that are transforming finance. You’ll gain practical insights into the latest FASB fair value standards, strategies for overcoming operational challenges, and how to implement a digital asset strategy that drives business efficiency.
Highlights
- Walkthrough of accounting methods and relevant elections under IRC 460
- Illustrative examples and analysis
- Review of pertinent cases and revenue rulings
- Update of other IRS activity, including recent Tax Reform
Prerequisites
Basic understanding of the tax accounting methods for long-term contracts.
Objectives
- Understand and apply the accounting methods for long-term construction contracts under IRC Section 460, including percentage-of-completion, completed contract, exemptions, and lookback requirements.
- Evaluate the impact of recent tax reforms, including the TCJA and OBBBA of 2025, on depreciation, expensing, interest limitations, qualified business income, and other contractor-specific provisions.
- Identify key compliance requirements, common pitfalls, and
- book vs. tax — differences to develop effective planning strategies that achieve favorable tax outcomes while meeting IRS standards.
Notice
This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.
Non-Member Price $129.00
Member Price $99.00