Domestic Production Activities Deduction: Understanding and Maximizing a Broad Deduction
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Don't Leave Money on the Table with Domestic Production Activities
The Section 199 Domestic Production Activities Deduction can provide significant bottom-line benefits to taxpayers who take advantage of it. However, many taxpayers are not claiming or are under-claiming the Section 199 deduction. This is primarily due to a lack of understanding of who this deduction applies to, as well as how to maximize the amount of the deduction.
In this two hour online seminar, DPAD expert Jim Foster, J.D., will explain how this incentive came about, the details of qualification for the deduction, as well how to calculate the deduction. Further, he will share techniques and real-world examples to help your understanding of the DPAD and how to maximize the dollars saved through it.
Speaker: Jim Foster
Program Topics
- History and origination of Section 199
- Qualification requirements under Section 199, including an in-depth explanation of:
- Qualified Production Activities Income
- Qualified Production Property
- MPGE requirement
- Qualified services
- How to calculate the DPAD amount, including:
- Simplified calculations
- Allocating COGS
- Allocating expenses
- Limitations on the calculation
- Practical examples of real-life situations
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