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§460 IIR Update Requested
In August 2008, the IRS issued proposed regulations and held a hearing in December 2008. CFMA submitted an opinion letter for that hearing in support of the proposed clarifications to §460 proposed regulations. Since then, nothing has occurred regarding those proposed regulations. Then, in September 2009, Industry Directors Directive No. 2, Super Completed Contract Method was issued and countermands key provisions in the proposed regulations.
The letters submitted to the IRS by the ABC, AGC, and CFMA expressed that it is “poor policy to enable and encourage field auditors to pursue issues which are contrary to proposed regulations that have been published and generally well accepted by taxpayers and interested stakeholders.”
George Parrott, CFMA’s Tax & Legislative Committee Co-Chair, states, “The Committee will do its best to keep our members up-to-date on any changes or advancements that occur.”
Letter to Keith Jones, Director Natural Resources and Construction
Letter to Kathleen Krutchen, Territory Manager, LMBS Natural Resources and Construction
Cost Effective Office Supplies Solution available to CFMA Member Companies
PRINCETON, NJ - CFMA is pleased to announce our latest national members only affinity program with Corporate Diversity Solutions (CDS) a national Tier 1 Diversity company specializing in office supplies and other related distribution solutions. Together CFMA and CDS have developed national contract pricing on many of the most common and popular office supply products. This contract pricing will enable CFMA members, regardless of size, to experience substantial savings on all of their commonly used office supplies. Based on preliminary research, members will be able to save hundreds, perhaps thousands of dollars on their office supplies.
Construction CFOs Expect Growth In 2012, But Concerns Remain
Construction Economic Outlook – 6 month update
Panel Participants Included:
- Clare Zempel: Principal & Business Economist, Zempel Strategic
- Morris Segall: President SPG Trend Advisors & Advisor to Associated Builders & Contractors Association
- Mike Ellis: Managing Partner & Chair Moss Adams Construction Industry Group
- Brian Moore: Senior Consultant FMI Management Consulting
- Jim Bartsch: Director Research & Analysis CFMA – Moderator
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