CORFUND2606. Fundamentals of Construction Tax

This course covers tax concepts most relevant to construction contractors, including long-term contract accounting methods, IRC Section 460 considerations, look-back interest, and other common tax planning and compliance issues that affect contractors.

Learning Objectives:

• Identify the core tax rules that govern long-term construction contracts
• Distinguish when IRC Section 460 applies and when exemptions may be available
• Recognize common tax accounting methods used by contractors and when method changes may arise
• Recall the purpose of look-back interest, Form 8697, and key multistate tax considerations