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 ...

Developers of upscale home communities could include common improvements and infrastructure in contract subject matter for the completed-contract method of recognizing income from the sale of homes.

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 ...

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 ...