How to properly recognize revenue for construction contracts under IRS rules by using either the cash, completed contract or percentage of completion methods.

How to properly recognize revenue for construction contracts under IRS rules by using either the cash, completed contract, or percentage of completion methods.

I am a CPA who owns Uncle Sam's Accounting LLC which is a accounting firm that assists business and individuals with taxes, payroll and bookkeeping by being proactive. During non busy season I also work with accounting students by tutoring them.