Description:
Join FORVIS as we introduce and discuss some of the latest trending tax topics for the construction industry, and how they impact contractors. From recent IRS developments around planes and boats, we will examine some options for mitigating the impact of the required tax capitalization and amortization of research and experimental expenditures. Tune in to find out why it is important to know what happened with these recent tax developments. Our panelists will introduce these topics and outline recent legislation, along with:
- Time sensitive opportunities associated with the interplay of IRC Section 174 and Section 460 applicable to contractors.
- Recent trends and campaigns from the IRS associated with business use of planes and boats.
- The opportunities and benefits contractors stand to gain from R&D credits.
Speakers:
Adam L. Quattlebaum, CPA
Partner | Federal Tax Specialty, Research & Development Tax Credit Services
FORVIS
Adam has experience serving publicly traded and closely held companies in the manufacturing, construction, government contracting, and technology industries. Adam’s focus is on federal tax specialty services, and he leads the firm’s research and development (R&D) tax credits practice. Adam has extensive experience defending and successfully sustaining R&D tax credits through IRS and state audits.
Sarah Windham, CPA, CCIFP
Partner | Tax
FORVIS
Sarah serves as the managing partner of the Charleston, South Carolina, office of FORVIS. Sarah has been practicing as a CPA since 2001, and her exceptional client service has afforded her opportunities to work with a wide variety of clients, including many family-owned and multigenerational businesses. Throughout her career with FORVIS, Sarah has developed extensive experience in several financial areas, including tax planning, business consultation, and generational wealth planning/succession planning, as well as tax research and compliance for corporations, partnerships, limited-liability entities, and individuals with high net worth. Her vast industry knowledge includes construction, real estate, and agribusiness.
Heather F. Alley, CPA
Partner | Professional Standards
FORVIS
As a partner with, Heather provides tax and consulting services to corporate and flow-through business entities. Heather has in-depth experience in federal corporate tax issues and tax accounting methods serving as leader of the firm’s national tax desk. In this role Heather works with tax professionals and clients across the firm to identify optimal tax accounting methods, address mitigation of exposure, and lead implementation of changes resulting from changing tax law. As a leader in the firm’s federal tax group, she has worked directly with the associate chief counsel’s office to resolve issues and obtain approval of taxpayer proposed method changes.
Webinar Recording:
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