Taxation of the Construction Contractor

Overview

The taxation of construction contractors has become increasingly complex under the Tax Cuts and Jobs Act (TCJA) and the One Big Beautiful Bill Act (OBBBA) of 2025, which have permanently reshaped the rules for depreciation, Section 179 expensing, interest limitations, qualified business income deductions and long-term contract accounting. This course provides a practical guide to navigating these rules, covering percentage-of-completion, completed contract, income recognition, cost allocation, lookback requirements and key exemptions for small and home construction contracts. With real-world examples, case studies and planning strategies, you'll learn how to achieve favorable tax outcomes while staying fully compliant with IRS regulations.