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Tag: deferring taxes until January 2013

Roadbuilding
Associated Builders and Contractors lauds 3 percent tax deferral decision by IRS
Associated Builders and Contractors (ABC) today welcomed the decision by the Internal Revenue Service (IRS) to defer for one year – from Jan. 1, 2012 to Jan. 1, 2013 – the withholding of 3 percent tax on all payments for goods and services made by the federal, state, and local governments with total expenditures of […]
May 9, 2011
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Associated Builders and Contractors lauds 3 percent tax deferral decision by IRS
Associated Builders and Contractors (ABC) today welcomed the decision by the Internal Revenue Service (IRS) to defer for one year – from Jan. 1, 2012 to Jan. 1, 2013 – the withholding of 3 percent tax on all payments for goods and services made by the federal, state, and local governments with total expenditures of $100 million or more. Three percent withholding applies to the total contract, not to the net revenue generated from a project.
May 9, 2011
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