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Federal bill targets construction accounting

By James Briggs A federal bill that's gaining momentum could offer tax advantages to small and mid-sized contractors. The American Job Builders Tax Reform Act of 2011, sponsored by U.S. Reps. Wally Herger, R-Calif., and David McKinley, R-W. Va., would open up the completed-contract method of accounting to a majority of contractors, said Robin Word, chairman of ...

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