Contractor Tax-Deferral Strategies: Lookback Computation Tips and Traps

CON-17000-042Bpercentage of completion, POC, lookback computation, lookback, contractor, construction tax, tax deferral, lookback compliance, contractor tax-deferral strategies: lookback computationThe lookback computation is a complex area of tax law and contractors should be aware of the potential opportunities and pitfalls related to the lookback rules. Contractors would be wise to undergo a “tax physical” to explore if they are taking full advantage of the tax-deferral opportunities provided under current law.317113Texas-ENR-Contractor-Tax-Deferral-Article-CON-17000-042B.pdfTexas-ENR-Contractor-Tax-Deferral-Article-CON-17000-042B-SM.jpgTexas-ENR-Contractor-Tax-Deferral-Article-CON-17000-042B-LG.jpgThe lookback computation is a complex area of tax law and contractors should be aware of the potential opportunities and pitfalls related to the lookback rules. Contractors would be wise to undergo a “tax physical” to explore if they are taking full advantage of the tax-deferral opportunities provided under current law.The lookback computation is a complex area of tax law and contractors should be aware of the potential opportunities and pitfalls related to the lookback rules. Contractors would be wise to undergo a “tax physical” to explore if they are taking full advantage of the tax-deferral opportunities provided under current law.01
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