Small Business Taxpayer Exception for Long-Term Construction Contracts

Is your construction company eligible for a small business taxpayer exception? Construction contractors should review their method of accounting to determine if a small business taxpayer exception may apply which would exempt them from applying the percentage-of-completion method (“PCM”) to long-term construction contracts. Overview of Small Construction Contract Requirement to Use Percentage-of-Completion Method Final regulations … Continue reading Small Business Taxpayer Exception for Long-Term Construction Contracts