In this week’s Tax Geek Tuesday, we take a look at a case out of the Tax Court that should have tax advisors scrambling to see if an opportunity exists for their home-builder clients to defer ...

Learn the differences between the percentage of completion and completed contract methods. Discover how each impacts revenue ...

Contract jobs can vary considerably in length. The day of completion for a contract job oftentimes requires extension for a variety of reasons. The completed contract method allows you to delay ...

Businesses must account for their costs and earnings each year when it comes tax time. This is usually a straightforward process, but it can be a bit more complicated if your business is one that ...

The IRS recently announced its disagreement with the Ninth Circuit’s ruling that, with respect to planned communities, the 95% test under the completed contract method of accounting applies on a ...

WASHINGTON — Small construction firms could get some tax relief is a bill introduced in the U.S. Congress today is passed. Under current law, construction contractors cannot use the completed contract ...

Certain construction contractors may be eligible to use the cash or completed-contract method of accounting for regular income tax. However, these taxpayers may also be liable for alternative minimum ...

Petitioners–Appellants used the completed contract method of accounting in computing their gains from sales of property under long-term construction contracts. The Internal Revenue Service challenged ...

In three actions on decisions (AODs), the IRS stated it will hew to its position in any future litigation regarding certain issues on which courts ruled against it in 2015 and 2016. Stine, LLC: In AOD ...