As the construction industry returns to prerecession levels, CFMs should prepare for increased IRS scrutiny of their selected tax accounting methods and deductions. From reasonable compensation issues to application of accounting methods for exempt and non-exempt contracts, CFMs need an understanding of the issues that the IRS will focus on during an audit.
Protect Your Company with the IRS’ Construction Audit Techniques Guide
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About the Author
Michael Cirangle
Michael Cirangle, CPA, is a Manager in the Tax Department at Ellin & Tucker in Baltimore, MD.
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