Jun

    LB&I Compliance Campaigns: 48C Energy Credit and CCM Accounting for Land Developers

    1 PM GMT

    IRC 48C Energy Credit Campaign
    Lead Executive: Kathy Robbins
    This campaign ensures that only those taxpayers whose advanced energy projects were approved by the Department of Energy, and who have been allocated a credit by the IRS, are claiming the credit. These credits must be pre-approved through extensive application to the DOE. The treatment stream for this campaign will be soft letters and issue-focused examinations.

    Land Developers - Completed Contract Method (CCM) Campaign
    Lead Executive: Peter Puzakulics
    Large land developers that construct in residential communities may be improperly using the Completed Contract Method (CCM) of accounting. A developer, whose average annual gross receipts exceed $10 million, may only use the CCM under a home construction contract. In some cases, developers are improperly deferring all gain until the entire development is completed. LB&I will provide training for revenue agents assigned to work this issue. The treatment stream includes development of a practice unit, issuance of soft letters, and follow-up with issue based examinations when warranted.

    Featured Speakers

    Kathy J. Robbins, Director, Enterprise Activites Practice Area
    Pete Puzakulics
    , Director of Corporate Issues and Credits, Enterprise Activities Practice Area
    Lavena Williams, Director Eastern Compliance Practice Area

    Liz Askey, Managing Director, Grant Thornton LLP
    Steven Friedman
    , Co-Managing Member, Friedman Advisors, LLC
    Courtney Sandifer
    , Senior Manager, Deloitte Tax LLP

    PLEASE NOTE: To receive CLE credit, each individual attendee must be logged into the webinar interface for the ENTIRE program (including the Q&A). Partial credit is not available for this program. Please see the CLE Informaton page for more details.

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    LB&I Compliance Campaigns: 48C Energy Credit and CCM Accounting for Land Developers

    Event Details

    Format

    Web

    Date

    Jun 20, 2017

    2017-06-20T13:00:00 2017-06-20T14:00:00 LB&I Compliance Campaigns: 48C Energy Credit and CCM Accounting for Land Developers

    IRC 48C Energy Credit Campaign
    Lead Executive: Kathy Robbins
    This campaign ensures that only those taxpayers whose advanced energy projects were approved by the Department of Energy, and who have been allocated a credit by the IRS, are claiming the credit. These credits must be pre-approved through extensive application to the DOE. The treatment stream for this campaign will be soft letters and issue-focused examinations.

    Land Developers - Completed Contract Method (CCM) Campaign
    Lead Executive: Peter Puzakulics
    Large land developers that construct in residential communities may be improperly using the Completed Contract Method (CCM) of accounting. A developer, whose average annual gross receipts exceed $10 million, may only use the CCM under a home construction contract. In some cases, developers are improperly deferring all gain until the entire development is completed. LB&I will provide training for revenue agents assigned to work this issue. The treatment stream includes development of a practice unit, issuance of soft letters, and follow-up with issue based examinations when warranted.

    Featured Speakers

    Kathy J. Robbins, Director, Enterprise Activites Practice Area
    Pete Puzakulics
    , Director of Corporate Issues and Credits, Enterprise Activities Practice Area
    Lavena Williams, Director Eastern Compliance Practice Area

    Liz Askey, Managing Director, Grant Thornton LLP
    Steven Friedman
    , Co-Managing Member, Friedman Advisors, LLC
    Courtney Sandifer
    , Senior Manager, Deloitte Tax LLP

    PLEASE NOTE: To receive CLE credit, each individual attendee must be logged into the webinar interface for the ENTIRE program (including the Q&A). Partial credit is not available for this program. Please see the CLE Informaton page for more details.

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