Corporate Tax Series

Long-Term Contracts Tax Rules (Updated)

Course Overview
This course will enable participants to understand the tax laws governing long-term contracts. Topics include IRC Sections 460 and 263A, construction contracts, gross receipts test, accounting methods, and tax methods with examples included to illustrate the various tax provisions.



Learning Objectives:

After completing this course, the course participant should be able to:

  • Recognize the application of the construction contract “general rule”
  • Identify exceptions to the application of the construction contract “general rule”
  • Recognize the available construction contract accounting methods and limitations of each

Content Partner:

SmartPros Ltd.

SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.


Prerequisites/Advanced Preparation:

None

Speakers / Authors:

Kenneth Heaslip, MS, MBA, CPA, CGMA, is a discussion leader and group practice leader in Professional Ethics for LOSCALZO ASSOCIATES LTD. Kenn has extensive experience teaching all levels of accounting, auditing and in other practice related areas. He has served as Vice President and Trustee of the New Jersey Society of CPAs, Secretary of their Scholarship Fund and President of the Essex Chapter. He is an active member of several Society committees in taxation and student programs and is past chair of the State Educators Committee. Kenn also serves on the NJSCPA Professional Conduct committee. Kenn is a Director at Leaf, Saltzman, Manganelli, Tendler, & Miele LLP in Fairfield, NJ, a regional CPA firm in Northern New Jersey and New York City.

Kenn is also an Associate Professor of Accounting at Bloomfield College. He previously was an Executive in Residence at Seton Hall University where he was the students’ choice as “Educator of the Year” two years in a row. He taught in the Executive MBA program at Rutgers University and has been with Becker CPA Review since 1983. Until 1998, Kenn was the National Director of the Becker CPA Review Course, where he was responsible for course content and instruction quality. At Becker, he oversaw and trained over 350 instructors as well being the lead editor of all the course materials. Kenn lectured extensively throughout the United States, as well as in Canada and Asia.

Kenn earned his B.A. from Rutgers University and has an M.S. in Taxation and M.B.A. in Finance, from Seton Hall University.

Don Paul Cochran, JD, CPA, is a solo practitioner in Apple Valley, Minnesota. His 36 years of practice has been focused primarily in the areas of small business legal and tax consulting, and individual tax, estate, and financial planning. Don has practiced law in both Iowa and Minnesota. He is a member of the Minnesota and Iowa State Bar Associations and the Minnesota Society of CPAs.

As a program instructor with Nichols Patrick CPE, Inc., Don is much sought after as a presenter of CPE seminars sponsored by state societies of CPAs, CPA firms, and associations of CPAs. Don is also a featured speaker at several national tax conferences.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Windows or Mac OS

Buy

Price (USD)

Standard Rate: $24.95

Details

Course Code : 99NPT09-v2

Release Date : 09/23/2019
Expire Date : 09/23/2021
Credits :
CPE 1.00
QAS 1.00

Length : 50min
Course Level : Overview
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes

Theme : Corporate Tax Series

Included In

Returning Subscribers

Login
- OR -
Login