The depressed economy has had a devastating impact on the construction industry making it imperative for tax practitioners to assist their clients to obtain all of the tax benefits that are available to them. This program addresses many of the most relevant tax issues applicable to the construction industry. It will cover the basics of the tax law and will provide insight into tax planning tools that can produce real benefits for clients. Who Should Attend: Tax practitioners who would like to advise their clients about construction industry tax issues. Topics Covered: • Accounting methods and proper tax reporting • 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 issues • Insolvency issues • Qualified real property indebtedness • Miscellaneous o Industry codes o IRS sources of assistance