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
Identify significant tax issues and apply them to the construction industry.
Assist clients with tax planning issues.
Determine whether workers are employees or independent contractors.
Advise clients with bankruptcy or insolvency issues about tax avoidance.
Stuart “Stu” Sobel combines an in-depth knowledge of taxation and nonprofits with an ability to communicate clearly. A dynamic speaker, Stu seeks to help people understand the very complex world of taxation in every day terms. And he’s just the person to do it — Stu has been in the industry for 48 years. He worked in examination and high level positions at the IRS for 30 years. Following that, Stu spent nine years as the producer and host of his own nationally syndicated radio program called Wise Choices: Taxes and Charity Today. He also ran his own tax and nonprofit consulting firm for 12 years (Stuart Sobel Consulting, Inc.). He has helped create over 2,500 nonprofit organizations worldwide. His expertise on the topic of nonprofit taxation has earned him the title “The Guru of Giving.”
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