Construction Contractors: Special Tax and Accounting Considerations

This program explains and illustrates work-in-process, over and under billing, classification of current vs. long-term assets and liabilities, contractor specific disclosure rules, FIN 46R, SFAS 109, FIN 48, percentage of completion, completed contract method, "look back" rules, disclosure of "uncertain tax positions," the Section 199 deduction, and unique audit program and financial statement issues.