Form 8903: Domestic Production Activities Deduction for Pass-Thrus and Other Business Entities
Mastering Complex Determinations, Calculations and Reporting Challenges for the DPAD
Recording of a 110-minute CPE webinar with Q&A
This course will arm tax return preparers with a deeper understanding to tackle the most difficult issues in completing Form 8903. The panel will explain approaches to correctly handle qualifying, calculating and claiming the Sect. 199 domestic production activities deduction on Form 8903.
- Review, domestic production activities deduction
- Qualifying taxpayers
- Preparation of Form 8903
- Particular Form 8903 compliance issues
- What meets QPAI and DPGR standards
- What else is deductible
- Small business simplified overall, simplified deduction and Sect. 861 methods
- Income limitations
- W-2 wages for 50% limit
The panel will review these and other key questions:
- Which activities and property qualify for section 199 benefits?
- What unique rules are relevant when calculating DPAD for a pass-thru entity?
- Should taxpayers prepare safe harbor calculations to support domestic production gross receipts determinations?
- How should relevant costs be identified and allocated?
- Are simplified deduction methods or de minimis rules applicable?
- How should taxpayers determine whether the 50% of W-2 wages limitation will impact their benefit?
John Manning, Esq.
The DPAD Group
Mr. Manning has over twenty years of broad-based federal tax experience, which includes six years as an attorney... | Read More
Mr. Manning has over twenty years of broad-based federal tax experience, which includes six years as an attorney with Dewey Ballantine in New York and Washington, D.C., two years as Tax Counsel for The Pittston Company, and twelve years with Lockheed Martin. He has a wealth of experience addressing issues of particular concern to government contractors and other manufacturers, including export tax benefits, domestic production activities deductions, R&D credits, and percentage-of-completion accounting. He has held leadership roles on more than 100 M&A and partnership transactions; international planning; support of tax legislative initiatives; and significant experience achieving taxpayer-favorable outcomes on large-dollar issues pending before IRS Exam and Appeals.Close
Dan Steele, CPA
The DPAD Group
Mr. Steele's practice focuses extensively on export tax benefits, domestic production activities deductions,... | Read More
Mr. Steele's practice focuses extensively on export tax benefits, domestic production activities deductions, and tax controversy and procedure. His broad client base includes many of the Fortune 500. Prior to joining his current firm, he held various leadership positions in one of the Big 4 tax practices.Close
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