Form 8903 Domestic Production Activities Deduction: What You Need to Know Now
Mastering Complex Determinations, Calculations and Reporting to Maximize DPAD
Recording of a 110-minute CPE webinar with Q&A
This course will provide tax advisers to businesses with a thorough and practical guide to claiming the Section 199 Domestic Production Activities Deduction (DPAD). The panel will discuss evaluating production activities to determine whether they qualify for the deduction, allocating costs between qualifying and non-qualifying activities, and calculating and claiming the Sec. 199 domestic production activities deduction on Form 8903. The panel will also detail the potential implications of the new IRS guidance on Section 199 deductions issued in Aug. 2015.
- Review of DPAD rules and preparation of Form 8903
- Identifying DPAD-eligible activities
- Discussion of expense allocation and apportionment
- What does the new IRS guidance mean for advisers?
- 2015 tax legislation impacting Sec. 199
The panel will discuss these and other important issues:
- Understanding vital definitions such as qualified production activities income (QPAI), domestic production gross receipts (DPGR) and qualifying production property
- Identifying what specific activities qualify for DPAD
- Calculating cost of goods sold related to DPGR, and identifying allocation and apportionment opportunities
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