Construction Executive published an article co-authored by Tax Senior Manager Kenneth Padgitt, discussing tools available to construction contractors to help defer income tax liabilities.
Construction Executive
By Kenneth Padgitt, Senior Manager, Tax & Business Services
Excerpt:
These tax deferring mechanisms are written into the [IRS tax] code and regulations, but are not easy to decipher and perhaps harder to apply in practice. However, those who understand and take advantage of these deferral opportunities can push a substantial amount of income tax to future tax years.