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

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10.27.10

Passthrough Entities – Advanced Issues, October 27, 2010

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

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10.30.09

Current Federal Tax Developments – October 30, 2009

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

Links mentioned in Current Federal Tax Developments course given October 30, 2009:

• 2010 Inflation Adjusted Figures – or perhaps, more appropriately, nonadjusted for most things since there was a drop in the index from 9/30/08 to 9/30/09
• Infant Formula Not Deductible Medical Expense – Recent IRS PLR for mother with double mastecomy that asked for deduction for infant formula for her new child
• New Reg. §1.152-4 effective for 2009.  Effectively forces the use of Form 8332 to release exemption and makes clear noncustodial parent cannot use the divorce decree
• Arizona Society of CPAs Blog Post on Menard case – An analysis of the Seventh Circuit’s ruling in the Menard case I wrote when the case came down back in March.
• Arizona Society of CPAs Blog Post on Madoff Rulings – Another blog post I wrote up describing the Madoff rulings.
• Hegarty v. Commissioner, TC Summary 2009-153, latest IRS loss on LLC as limited partner for §469 purposes.
• IRS Section 183 Audit Technique Guide – guide for IRS agents to use in examining activities potentially not engaged in for profit
• IRS Listed Transactions - The official and updated IRS list of listed transactions that are subject to reporting.
• INFO 2009-0087 - The IRS explains the first time homebuyer credit marriage penalty
• Construction Industry Audit Guide – IRS guide updated  May 2009
• List of Audit Technique Guides – List on IRS website of currently published Audit Technique Guides
• FIN 48 Final Guidance for Public Companies - Accounting Standards Update 2009-06
• Qualified Plan Limitations for 2010 – IRS News Release
• Individual Slides – slides copies of final version of individual presentation
• Business Slides – slide copies of business developments presentation
• Tax Practice Slides – slides dealing with tax practice topic.
• Federal Tax Update – audio presentation outlining federal tax developments, presented by Ohio Society of CPAs

Below is a Google Voice connect box. You can click on the button, provide your phone number, and Google will connect us toll free by calling you back and then, when you answer, calling me. The call is forwarded to me wherever I might be at the time. If I’m not available, you can leave a voice mail.

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10.29.09

Construction Contractors – (October 29, 2009)

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

The following are links to items mentioned in the construction contracting course given for the Education Foundation on October 22, 2009 in Costa Mesa:

• FASB Codification – registration required (free)
• FASB Going Concern Project – updated information is posted here
• AICPA Construction Contractors Audit and Accounting Guide – AICPA purchase link
• IRS Construction Industry Audit Guide – Revised May 2009
• Federal Tax Update – audio presentation of tax developments from Ohio Society of CPAs
• Presentation Slides – in PDF format
• My Twitter Feed – my name on Twitter is edzollars

Below is a Google Voice connect box. You can click on the button, provide your phone number, and Google will connect us toll free by calling you back and then, when you answer, calling me. The call is forwarded to me wherever I might be at the time. If I’m not available, you can leave a voice mail.

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