Webcast: Applying Section 199 Manufacturer's Deduction (XSR19917)
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One of the measures that Congress adopted to stimulate and preserve manufacturing jobs in the United States is the Section 199 Manufacturer's Deduction. Over time the deduction percentage has increased from 3% starting in 2005 to 9% in 2010 and after. The calculation of the deduction is somewhat complex but the deduction can only be ignored or miscalculated to the client’s detriment. For many taxpayers this deduction is a sizable financial benefit; and accordingly tax practitioners must understa

 Export to Your Calendar 8/15/2017
When: 08/15/2017
12:00 PM until 2:00 PM
Where: Webcast
SURGENT
R199-2017-01-WEBNR-227-01
United States
Presenter: Mike Tucker, Ph.D., LL.M., J.D., CPA


Online registration is available until: 8/13/2017
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Acronym XSR19917
CPE 2 hours
Vendor Surgent
Category
Taxation
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Registration
Member $89
CPA Non-Member $114

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

One of the measures that Congress adopted to stimulate and preserve manufacturing jobs in the United States is the Section 199 Manufacturer's Deduction. Over time the deduction percentage has increased from 3% starting in 2005 to 9% in 2010 and after. The calculation of the deduction is somewhat complex but the deduction can only be ignored or miscalculated to the client’s detriment. For many taxpayers this deduction is a sizable financial benefit; and accordingly tax practitioners must understand the calculation of this deduction. This program will highlight both the calculation of the deduction and the kinds of taxpayers who may take advantage of it.

Objectives

  • Understand how to calculate the Section 199 deduction
  • Know which taxpayers may take the deduction and which are ineligible

Topics

  • Calculation of the Section 199 manufacturer's deduction
  • Taxpayers who may use the Section 199 deduction
  • Limitations on the ability of a taxpayer to take this deduction
  • Recent IRS rules regarding “benefits and burdens”