IRS Hikes Proposed Caterpillar Tax Penalty To $2.3 Billion

Construction Equipment

Securities and Exchange Commission on Thursday and said that the IRS completed its examination of Cat’s U.S. Caterpillar posted its annual 10-K report filed with the U.S. income tax returns for 2010 to 2012 and has increased its proposed tax penalties to approximately $2.3

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Don’t Wait for an IRS Letter

Construction Business Owner

Do your business practices expose your construction company to potential IRS penalties? The implications of how you report revenue or account for your labor force can vary from year to year and change when certain financial milestones are achieved.

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Life insurance is still a way to deny the IRS

Constructor Magazine

My original goal for this article was to begin an analysis of the proposed overhaul of the Internal Revenue Code and how to beat the new tax monster at his own game. No luck

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IRS OKs Alternative Fuel Tax Credit for 2015

Construction Equipment

If your fleet includes propane-powered forklifts or other propane autogas fueled vehicles, the new IRS directive may help cut your taxes. IRS has released guidance on how to claim the federal alternative fuel tax credit, which was retroactively extended on Dec.

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How to beat IRS double-tax monster. legally

Constructor Magazine

Are you lucky enough to be rich (my definition of rich: you are irrevocably in the highest income tax bracket and highest estate tax bracket)? read more. Blackman Taxes Silver

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Don’t let an estate planner’s software enrich the IRS

Constructor Magazine

Computer programs suggest various tax strategies to reduce (but not eliminate) a large estate tax liability

How to create tax-free wealth while beating up the IRS — legally

Constructor Magazine

This article is about a new and unique concept called the Comprehensive Tax Plan (CTP for short.). read more. Blackman Taxes Registered User

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You too can enrich your family, instead of the IRS

Constructor Magazine

In a way the strategies are secrets, because few professionals know they exist, and if they do, have no idea how to implement them. read more. Blackman Registered User

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Scam Artists Are Calling Contractors Claiming To Be From The IRS

Contractor Bookkeeping

Scammers are calling all kinds of people and business owners claiming to be from the IRS. Contractors Are Prime Targets For IRS Scams. Here Is How It Works: Step #01 - They rig a caller ID to make it appear as if the IRS is calling your contracting company.

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Weekly Product Gallery: Greenlee, Uponor, Goulds, Little Giant, Viega and Seek Thermal

Constructor Magazine

Cordless Tools IR Cameras Media Galleries Plumbing RadiantThis week the gallery includes a cordless inline pressing tool, a thermostat designed for radiant heating applications, an advanced pump controller, a condensate removal pump, new tees for use with a popular pressing system and more.

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IRS Aid to Help Victims of Chinese Drywall

Construction Law Monitor

Just last week the Internal Revenue Service (IRS) announced a plan to help homeowners who have corrosive Chinese Drywall in their home with tax breaks on items that have been destroyed as a result of the Drywall. IRS website gives a good break down on the relief effort affecting repairs for drywall losses from drywall installed between 2001-2009.

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IRS To Audit Destiny USA's Green Bonds : Green Building Law Update

Green Building Law Update

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The Destiny USA Debacle: May It Please the IRS : Green Building.

Green Building Law Update

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The Destiny USA Debacle: Why the IRS is the Key Player : Green.

Green Building Law Update

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PPG earns DOE funding to develop dynamically responsive IR window coating Technology aims to maintain daylighting, control solar heat gain

BD+C

Department of Energy (DOE) to develop a dynamically responsive infrared (IR) window coating that will block heat in the summer to reduce air-conditioning costs and transmit solar heat in the winter to reduce heating costs. PPG Industries’ flat glass business has received $312,000 from the U.S.

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Appeals Court Upholds IRS Rejection of Consultant Bid For $1.7M R&D Tax Credit

ENR Construction

Ruling affirms lower court decision that now may clarify who has risk, researcher or client, in cost plus contracts. Business Management

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New Legislation Could Change How Contractors File and Pay Taxes

Construction Law Monitor

The actual profits it receives may be more or less than this estimate, whereupon the contractor has to alert the IRS of the difference and either get a credit or pay the difference. 1993 IRS New Orleans City Business TaxLast week, The American Job Builders Tax Reform Act of 2011 was introduced in the house as a bi-partisan bill (sponsored by Reps. Wally Herger (R-Calif.), David McKinley (R-W.Va.) and Shelley Berkley (D-Nev.)) to update how contractors are taxed.

Final Regs for 3% Witholding Released - Djc.com

Nuts and Bolts

Last week the IRS issued final regulations for the implementation of the 3 percent withholding law. -->. « Check out award-winning concrete projects. Sneek a peek at Gates Foundation campus » Final Regs for 3% Witholding Released. Unless repealed, the law will require federal, state, and local governments to withhold 3 percent from all payments for goods and services as a guard against possible business tax evasion.

Collaborative Workshops a Bargain!

Collaborative Construction

I feel a lot better about the prices Collaborative Construction charges for services after seeing what the IRS pays for speakers at its conventions! The IRS hired 15 speakers to present at the conference in Anaheim, Calif.,

Tax auditor is your friend

Constructor Magazine

“Surprise – I’m from the IRS and I’m taking you to jail,” he says as handcuffs jingle from his belt. read more. Fey Registered User

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Can I get an audit?

Collaborative Construction

Speak out against the federal government and they will send the IRS, OSHA, BATF and the local arm of the EPA. Just Wow. This is chilling. Welcome to the Collaborative Revolution! James L. Salmon, Esq.

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What keeps this tax planner up at night?

Constructor Magazine

Actually, mistakes that professional advisors make, causing readers of this column to lose unnecessary dollars to the IRS. The answer: Mistakes. read more. Blackman Taxes

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The Ins & Outs of Employee Benefit Plans

Construction Business Owner

Many factors are involved in a hearty employee benefit plan, most notably the fiduciary responsibility of ensuring the plan runs according to specific Internal Revenue Service (IRS) and Department of Labor (DOL) rules and regulations As the industrywide talent crisis persists, business owners must get serious about using employee benefit plans as a way to recruit and retain quality talent.

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Weekly Product Gallery: Shure, Ridgid, Toto, Neutra-Safe, Thermal Solutions and Matco-Norca

Constructor Magazine

This week the product gallery includes a steel technician cart, an IR thermometer, a high-efficiency flushometer, an automatic system feeder for hydronic systems and more.

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Update: Cat Whistleblower Could Make $600 Million

Construction Equipment

That morning, agents from the IRS, Department of Commerce, and Federal Deposit Insurance Corp. March 2, 2017 was not a good day in Peoria. turned up at Caterpillar's door with search warrants in hand. Seems they had some questions about back taxes to the tune of $2 billion

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How to transfer your wealth to your family tax-free

Constructor Magazine

Like it or not, you have a partner: the IRS. If you are typical, you accumulated your wealth little by little. It should belong to you and your family. Right? But it doesn’t. read more. Blackman Silver

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Worker Classification Woes

Construction Business Owner

Commissioner, the Tax Court explains that businesses relying on the independent contractor designation—namely, construction companies—are going to receive additional scrutiny from the IRS. In the recent Tax Court memo Kurek v.

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How to Meet ACA Reporting Requirements

Construction Business Owner

At the beginning of each year, employers must complete, furnish to their employees and file with the IRS forms in the 1094 and 1095 series

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Destiny USA Reaches the Green Bonds Finish Line

Green Building Law Update

As reported by Rick Moriarty, the Internal Revenue Service (IRS) notified the Syracuse Industrial Development Agency on March 17 (2011) that it would be auditing the Green Bonds issued by the Agency to the Destiny USA developer. The IRS ruling fascinates me.

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Converting your IRA from a tax loser to a tax winner

Constructor Magazine

We are all dealt the same cards in the tax game, but how you play them determines whether the IRS or you win. read more. Blackman Taxes Registered User

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What You Have to Measure, Track and Record Under ACA

Construction Business Owner

An Applicable Large Employer (ALE) must report to the IRS in monthly snapshots for the calendar year: 1) Those "full-time" employees (at least 30 hours of service per week), and 2) Whether they were offered healthcare coverage.

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The Tone - King George II & President Obama

Collaborative Construction

The ears of King Obama''s minions in the IRS, the EPA, ATF and every other agency perked up and they attacked conservatives and the GOP with glee. In June, the IRS informed Mr. VanderSloot and his wife of an audit of two years of their taxes.

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Caterpillar Rolls Out New Iron at CONEXPO as Feds Raid HQ Over Tax Issues

ENR Construction

Caterpillar is focusing its CONEXPO presentation on demonstrating a remotely operated dozer and its expanded telematics reporting, but is also dealing with the fallout from a raid by IRS and Commerce Dept.

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Contractors Struggle To Save Paperwork Needed For Taxes

Contractor Bookkeeping

Corporate Income Tax Returns are due to the IRS by September 15th for S-Corp and LLC’s filing as an S-Corp. Personal Income Tax Returns are due to the IRS by October 15th which falls on the weekend and extended to Monday, October 16th. Tax Time! Other types of corporations may be in a fiscal year with varied due dates. The only exception is any emergency extensions granted due to hurricanes (Harvey) or others.

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What You Need to Know about the Section 179 Tax Deduction

Construction Business Owner

Trying to navigate the Byzantine labyrinth of IRS rules and regulations can be an overwhelming process, even for tax professionals.

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CIVIL ENGINEERING – 200 QUESTIONS & ANSWERS BOOK

The Constructor

This book is written by Vincent T. Vincent T. CHU is the author of The Civil FAQ in the Hong Kong Engineer published by the Hong Kong. Concrete Technology

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Cat ‘Likely’ to Win Tax Case, Company Says

Construction Equipment

According to a Marketwatch report, Caterpillar believes it is “more likely than not” to win its tax case against the IRS , which has audited the company’s tax returns from 2007 through 2009

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