Construction Business Owner

AUGUST 28, 2013

Commissioner, the Tax Court explains that businesses relying on the independent contractor designation—namely, construction companies—are going to receive additional scrutiny from the IRS.

IRS 227

IRS Design Contractors Construction 227

Green Building Law Update

MARCH 11, 2011

(..)

IRS 159

IRS Green 159

The Constructor

DECEMBER 22, 2012

This book is written by Vincent T. Vincent T. CHU is the author of The Civil FAQ in the Hong Kong Engineer published by the Hong Kong.

Engineering 189

Engineering IRS FAQ Concrete 189

Construction Marketing

NOVEMBER 3, 2020

Automatic UV or IR Darkening Filters. These polarization filters automatically darken depending on the penetrative power of the UV and IR rays emitted; ultimately, providing optimal eye protection. Glass lens coated with IR and UV protection. The mechanics behind these helmets are designed to protect bright arc light.

IRS 293

IRS Security Equipment Budgeting 293

Viewpoint Construction Technology

JULY 7, 2017

No words can send a chill down the spine of a construction business owner faster than, “IRS tax audit.” Which brings us back to IRS audits and employee embezzlement. Other than maybe, “embezzlement.”. When you own a business there are many reasons to worry. Estimations must be completed quickly and with accuracy. And many people do.

Software 208

Software Software IRS Cash Flow 208

Best Practices Construction Law

MARCH 18, 2020

No special filing with the IRS is required for this payment extension. The payment extension announced for the IRS is not a tax return filing date extension. With the IRS announcement, states are expected to follow suit, and to announce their own extended payments dates. The announced payment extensions are limited, however.

IRS 62

IRS Income South Carolina Tennessee 62

Green Building Law Update

MARCH 22, 2012

As reported by Rick Moriarty, the Internal Revenue Service (IRS) notified the Syracuse Industrial Development Agency on March 17 (2011) that it would be auditing the Green Bonds issued by the Agency to the Destiny USA developer. The IRS ruling fascinates me. The ruling also permits the release of $2.3 million as a penalty.

Green 120

Green IRS Income Drafting 120

Pro Builder

JANUARY 13, 2022

NAHB Request Prompts Extended COVID-19 Relief From IRS. A recent announcement by the IRS offers extended relief from some residential housing requirements. On January 11, the IRS released Notice 2022-05 , which grants extensions for COVID-19 relief and addresses additional support to be allocated post-pandemic.

IRS 52

IRS NAHB Inspections Finance 52

Construction Business Owner

MARCH 27, 2013

March 26, 2013 - The IRS has issued a final rule that employers who offer various benefit plans must pay a fee to fund the Patient-Centered Outcomes Research Institute (PCORI), which was established by the Patient Protection and Affordable Care Act (PPACA). 30, 2012.

Plans 149

Plans IRS Employment 149

Construction Business Owner

MARCH 27, 2018

Many factors are involved in a hearty employee benefit plan, most notably the fiduciary responsibility of ensuring the plan runs according to specific Internal Revenue Service (IRS) and Department of Labor (DOL) rules and regulations.

Plans 136

Plans IRS Regulation 136

Construction Equipment

FEBRUARY 15, 2018

Securities and Exchange Commission on Thursday and said that the IRS completed its examination of Cat’s U.S. Caterpillar posted its annual 10-K report filed with the U.S. income tax returns for 2010 to 2012 and has increased its proposed tax penalties to approximately $2.3 billion for the 2007 through 2012 audits.

IRS 56

IRS Commissioning Income Security 56

Construction Equipment

FEBRUARY 9, 2016

If your fleet includes propane-powered forklifts or other propane autogas fueled vehicles, the new IRS directive may help cut your taxes. IRS has released guidance on how to claim the federal alternative fuel tax credit, which was retroactively extended on Dec.

IRS 48

IRS Claims 48

Green Building Law Update

FEBRUARY 23, 2020

The IRS has issued guidance, that a designer is a person that creates the technical specifications for installation of energy efficient commercial building property (or partially qualifying commercial building property for which a deduction is allowed under § 179D). when it last expired) and will remain effective through December 31, 2020.

Commercial 215

Commercial IRS Comparison Green 215

Construction Equipment

NOVEMBER 11, 2020

The drill is an improved version of the IR ECM 580 construction rig that tracks back from Epiroc to Atlas Copco and Ingersoll… Epiroc has introduced the Try-and-Buy program for the FlexiROC T30 R construction edition tophammer surface drill rig. The program offers free jobsite testing of the drill.

IRS 123

IRS Construction 123

Business Facilities

AUGUST 10, 2020

The IRS has extended a critical deadline for investments in Qualified Opportunity Zones until the end of the year, hoping to entice investors who have largely sat on their money during the global pandemic. Read: There’s Still Time To Invest In Qualified Opportunity Zones at BusinessFacilities.com.

Zoning 118

Zoning IRS Connecticut Arizona 118

Construction Business Owner

FEBRUARY 23, 2016

Trying to navigate the Byzantine labyrinth of IRS rules and regulations can be an overwhelming process, even for tax professionals.

IRS 120

IRS Regulation Profitability Construction 120

Construction Business Owner

DECEMBER 2, 2015

At the beginning of each year, employers must complete, furnish to their employees and file with the IRS forms in the 1094 and 1095 series. The Affordable Care Act resulted in several sections being added to the Internal Revenue Code that require employers to prepare and file certain reports related to the ACA.

IRS 120

IRS Employment 120

Construction Business Owner

SEPTEMBER 29, 2015

An Applicable Large Employer (ALE) must report to the IRS in monthly snapshots for the calendar year: 1) Those "full-time" employees (at least 30 hours of service per week), and 2) Whether they were offered healthcare coverage. But, what about those employees who are hired into positions with varying hours? That is where it gets tricky.

IRS 120

IRS Employment 120

Construction Business Owner

MARCH 21, 2017

Do your business practices expose your construction company to potential IRS penalties? The implications of how you report revenue or account for your labor force can vary from year to year and change when certain financial milestones are achieved. Does your CPA keep you informed of the benefits available to your business?

IRS 120

IRS Accounting Contractors Construction 120

Construction Business Owner

MAY 22, 2013

Recently, the IRS lost a key battle in its fight to limit tax deductions that can be taken by investors in small businesses. There has been a long-running battle over the tax treatment of losses incurred by limited liability companies (LLCs) and limited liability partnerships (LLPs). The recent Tax Court decision, Garnett v.

IRS 120

IRS Liability 120

Contractor Bookkeeping

OCTOBER 17, 2014

Scammers are calling all kinds of people and business owners claiming to be from the IRS. Contractors Are Prime Targets For IRS Scams. Here Is How It Works: Step #01 - They rig a caller ID to make it appear as if the IRS is calling your contracting company. If it’s an email, forward it to the IRS at phishing@irs.gov.

IRS 48

IRS Claims Contractors Accounting 48

Construction Marketing

JUNE 17, 2014

Please read through the IRS Rules on Education and Certification or contact a trusted tax advisor. This means that your fees and career growth could be funded by the federal government. * The Construction Marketing Association does not claim to offer tax advice or promise any form of compensation for fees associated with the CCMP.

Certification 230

Certification Construction IRS Compensation 230

Construction Law Monitor

OCTOBER 7, 2010

Just last week the Internal Revenue Service (IRS) announced a plan to help homeowners who have corrosive Chinese Drywall in their home with tax breaks on items that have been destroyed as a result of the Drywall.

IRS 40

IRS Claims Compensation New York 40

Contractor Magazine

FEBRUARY 23, 2015

The IRS has changed the rules on what you can expense and what must be depreciated. BY MICHAEL BOHINC, CPA. read more.

IRS 40

IRS Regulation Management Industrial 40

Contractor Bookkeeping

SEPTEMBER 16, 2022

When paying employees, laws and the IRS have made the payroll function a time-consuming nightmare for the small business owner. There are a few different methods that employers use to pay their employees, and while they may have similarities, they each also have implications for your construction business and employees.

Compensation 111

Compensation IRS Construction Employment 111

Construction Equipment

MAY 6, 2014

After last month’s Senate investigative hearing on Caterpillar’s overseas tax practices, the Internal Revenue Service has challenged the company’s tax returns from 2007, 2008 and 2009, according to a Bloomberg report.'

IRS 48

IRS 48

BD+C

FEBRUARY 27, 2014

Department of Energy (DOE) to develop a dynamically responsive infrared (IR) window coating that will block heat in the summer to reduce air-conditioning costs and transmit solar heat in the winter to reduce heating costs. PPG Industries’ flat glass business has received $312,000 from the U.S. Exclude Content: Yes.

IRS 45

IRS Industrial 45

Contractor Bookkeeping

APRIL 14, 2023

Force reconciliations can cause your net income to be over or understated, which means you pay too much in taxes now or too little now and the rest later with penalties and interest because the IRS can ask for a copy of your bookkeeping record.

IRS 99

IRS Finance Income Budgeting 99

Viewpoint Construction Technology

JANUARY 23, 2019

IRS updates and rules and procedures. Attendees will earn 2.5 hours of continuing professional education (CPE) credits and come away with a sound understanding of: Recent tax reforms. Tax strategies for your construction company. Preparation for an economic downfall. Opportunities for tax incentives, partnerships and other programs.

Organization 173

Organization San Francisco Viewpoint Philadelphia 173

FDR Safety

MAY 17, 2013

The recent news about the IRS has strangely, or maybe not so strangely, got me thinking about a high school algebra problem: if A=B and B=C, then does A=C? I’ll leave it to you to solve the problem and will give you until the end of this blog post to do so.

Washington 120

Washington Union OSHA Inspections 120

Business Facilities

OCTOBER 8, 2020

Learn how Opportunity Zones are becoming prime investment opportunities for capital gains and how new IRS guidelines will impact on your plans for a QOZ near you. Read: LiveXchange Webinar: Panel Discussion – Opportunity Zones 2.0 at BusinessFacilities.com.

Zoning 66

Zoning IRS Guidelines Plans 66

Viewpoint Construction Technology

JULY 24, 2018

The construction industry comes with inherent opportunities from a taxation point of view so we’ll review the potential gains to be had between large and small contractors, income tax accounting methods, tax law updates & changes impacting contractors, and, finally, IRS code Section 460. Don’t miss out! So Much More.

Accounting 200

Accounting Finance Viewpoint IRS 200

Pro Builder

AUGUST 21, 2020

To account for the manufacturer’s margin, sawmill prices for the lumber in these products are further marked up by the percent difference between receipts and cost of goods in the “wood product manufacturing” industry, as reported in the IRS Returns of Active Corporations tables. Construction. Economics.

NAHB 111

NAHB IRS Remodeling Products 111

Green Building Law Update

DECEMBER 14, 2011

The IRS is now investigating the project because it appears the renewable energy systems were never installed. As you may recall, the Destiny USA project received over $200 million in tax-free financing through the federal government's Green Bonds program. I think it's safe to say the Green Bonds program was a failure.

Green 136

Green Certification Retail IRS 136

Construction Marketing

JANUARY 24, 2022

According to the Internal Revenue Service (IRS), these workers are not deemed true employees. Both the IRS and a number of states have distinct rules that categorize workers as employees or independent contractors. What is a 1099 Employee? There are also some states that do not consider 1099 employees actual employees of a company.

Insurance 156

Insurance Plans Contractors Employment 156

Contractor Magazine

MAY 11, 2017

Are you lucky enough to be rich (my definition of rich: you are irrevocably in the highest income tax bracket and highest estate tax bracket)? read more.

IRS 42

IRS Legal Income 42

Contractor Magazine

DECEMBER 12, 2017

My original goal for this article was to begin an analysis of the proposed overhaul of the Internal Revenue Code and how to beat the new tax monster at his own game.

IRS 45

IRS Insurance 45