This interactive course introduces the basics of construction industry taxation. You will be able to identify, interpret, and demonstrate essential knowledge of key taxation fundamentals to help ensure a more profitable and smooth construction project. Topics covered include contractor tax accounting methods, the Section 199A deduction for qualified business income, alternative minimum tax, and look-back interest.

After this session, you will be able to:

• Define the common construction tax accounting methods and related terminology
• Distinguish between income tax and alternative minimum tax (AMT)
• Calculate the Section 199A deduction for qualified business income (QBI)
• Determine if Look-back Interest applies and understand the calculation
• Recognize different tax planning strategies