Construction Contractors Sales and Use Tax Issues (Completed)

Learn About Key Sales and Use Tax Issues Unique to the Construction Industry
This two-hour webinar examines a range of important sales and use tax issues that construction contractors and their tax advisors need to know and manage. Sales and use taxes pose some unique problems for contractors engaging in real property construction and related activities.
This insightful session led by state and local tax practitioner Michael Bannasch, CPA will explore the complex issues and problems that sales and use taxes pose for construction contractors doing business in a multistate or single state tax environment. You will get practical tips and insights to help you handle some of the vexing sales and use tax problems encountered by contractors and time will be provided for you to ask questions to our presenters during the presentation.

As our “thank you for attending” gift, firms registered for this seminar will receive a complimentary issue of Wolters Kluwer's Journal of State Taxation in electronic format.

Who Should Attend
Contractors and their employees handling sales and use tax issues, especially estimators and project managers; CPAs, accountants, enrolled agents, tax attorneys and other business and financial advisors working with contractors and real estate developers on sales and use tax issues; and manufacturers or others contemplating construction projects

Topics Covered

• The dual role of the contractor as both consumer and retailer and its implications
• Real property versus tangible personal property
• The impact of contract type (e.g., lump-sum, time and material, and cost-plus) on sales and use taxation
• Use tax issues for contractors
• Exemption certificate flow-through
• Bidding implications for sales and use taxes
• Contractors and manufacturing facilities
• Repairing real property versus tangible personal property
• Recent sales tax audit trends - what the auditors are looking at now, and more!

Learning Objectives

• Understand the unique sales and use tax issues that apply to taxpayers in the construction industry
• Gain awareness of special situations and areas that can potentially trigger problems
• Identify potential opportunities that contractors can consider to reduce sales and use tax liabilities

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of state sales and use taxes

Advance Preparation
None