10.28.10

Construction Contractors: Special Tax and Accounting Considerations, October 28, 2010

Posted in Ohio Society of CPAs at 1:00 am by Ed Zollars, CPA

The following items were referenced in the Construction Contracting:  Special Accounting & Tax Considerations course given on October 28:

• Slides for Presentation – Keynote slides from presentation
• FASB Codification – current accounting standards.  Can obtain free account.  Premium accounts have additional features, but even the free account has access to the entire codification
• FASB Going Concern Project Status Page – discusses status of FASB’s continuing going concern project
• SSARS 19 Summary
• IRS Construction Industry Audit Technique Guide
• Koch Industries v. United States, CA10 No. 08-3347 – road construction contractor could not include contracted expected maintenance as part of job for percentage of completion purposes
• FSA 20102601F - 2010 IRS Field Service Advice on priority of California Stop Notice over federal tax lien for proceeds due from contractor
• Final Form 1120-UTP – Final version of Form 1120-UTP released.
• OSCPA Federal Tax Update – audio tax updates posted each week

Permalink 2 Comments

10.27.10

Passthrough Entities – Advanced Issues, October 27, 2010

Posted in Ohio Society of CPAs at 4:04 am by Ed Zollars, CPA

Permalink Comments

10.26.10

Tax Practice Ethics and Quality Control, Brookfield, Wisconsin (October 26, 2010)

Posted in Wisconsin Institute of CPAs at 1:00 am by Ed Zollars, CPA

Permalink Comments

10.25.10

Construction Contractors: Special Accounting & Tax Considerations, Brookfield, Wisconsin (October 25, 2010)

Posted in Wisconsin Institute of CPAs at 1:00 am by Ed Zollars, CPA

The following items were referenced in the Construction Contracting:  Special Accounting & Tax Considerations course given on October 25:

• Slides for Presentation – Keynote slides from presentation
• FASB Codification – current accounting standards.  Can obtain free account.  Premium accounts have additional features, but even the free account has access to the entire codification
• FASB Going Concern Project Status Page – discusses status of FASB’s continuing going concern project
• SSARS 19 Summary
• IRS Construction Industry Audit Technique Guide
• Koch Industries v. United States, CA10 No. 08-3347 – road construction contractor could not include contracted expected maintenance as part of job for percentage of completion purposes
• FSA 20102601F - 2010 IRS Field Service Advice on priority of California Stop Notice over federal tax lien for proceeds due from contractor
• Final Form 1120-UTP – Final version of Form 1120-UTP released.

Permalink Comments

10.22.10

Health Savings Accounts, Flexible Spending Accounts and Health Reimbursement Arrangements – Salt Lake City, Utah, October 22

Posted in Utah Association of CPAs at 1:00 am by Ed Zollars, CPA

Permalink Comments

10.21.10

Preparing Complex 1040s – October 21, Salt Lake City, Utah

Posted in Utah Association of CPAs at 3:51 am by Ed Zollars, CPA

The following are links to items mentioned in the Preparing Complex 1040s course given in Salt Lake City on October 21:

• IRS’s New View on Acquisition Debt – Article describing CCA 200940030 where the IRS decided you could deduct interest on $100,000 of acquisition debt in excess of $1,000,000 as home equity debt.  This view has now been formalized by the IRS in Revenue Ruling 2010-25.
• IRS AMT Assistant – IRS page to help determine if taxpayer may be subject to AMT.
• Levels of Authority – article detailing the various authority levels under the regulations
• Census Bureau NAICS website – referenced in chapter on like kind exchanges.
• Individual Developments – update on recent developments I’ve written up from handling Federal Tax Update podcast.

Permalink Comments

10.18.10

Current Federal Tax Developments, Tax Research Systems & Methods – Fairmont, MT, October 18-19, 2010

Posted in Montana at 5:32 am by Ed Zollars, CPA

Below are items discussed in the Current Federal Developments course given on October 18, 2010 at the Fairmont Hot Springs Resort in Fairmont, MT:

• Findlaw Cases & Code – Links to Findlaw resources for US Code, Regulations & Court Cases.  Court pages contain option to sign up for email of new cases released each day.
• US Tax Court – Ruling posted Monday-Thursday at 1:30 pm Mountain time.
• IRS Rulings – “Drop” site for Revenue Rulings, Revenue Procedures, Notices and the like
• IRS Written Advice - Location for IRS postings on private letter rulings, technical advice memoranda, Chief Counsel Advice and similar “nonbinding” guidance that is issued by the IRS Chief Counsel’s office
• Recent Updates – developments since the manual was printed last week

Permalink Comments

10.01.10

Construction Contractors: Special Tax & Accounting Considerations – October 1, 2010, Roseland, NJ

Posted in New Jersey Society of CPAs at 1:00 am by Ed Zollars, CPA

The following items were referenced in the Construction Contracting:  Special Accounting & Tax Considerations course given on October 1, 2010 in Roseland, NJ:

• Slides for Presentation – Keynote slides from presentation
• FASB Codification – current accounting standards.  Can obtain free account.  Premium accounts have additional features, but even the free account has access to the entire codification
• FASB Going Concern Project Status Page – discusses status of FASB’s continuing going concern project
• SSARS 19 Summary
• IRS Construction Industry Audit Technique Guide
• Koch Industries v. United States, CA10 No. 08-3347 – road construction contractor could not include contracted expected maintenance as part of job for percentage of completion purposes
• FSA 20102601F - 2010 IRS Field Service Advice on priority of California Stop Notice over federal tax lien for proceeds due from contractor
• IRS Form 1120-UTP – Final version of uncertain tax position reporting form

Permalink Comments