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Audio & Reference Manual

The Manufacturing Deduction: What Is It and Who Qualifies?

Gain a better understanding of the manufacturing deduction and maximize the dollars saved. You will learn the key elements of claiming the Section 199 deduction and be able to identify main sources of the deduction for domestic manufacturers. This topic will discuss the hottest areas of focus in Section 199 and help illustrate practical strategies towards claiming Section 199 benefits and preparing to defend the benefits taken on audit with the IRS.


Runtime: 92 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Nuts and Bolts of the Manufacturing Deduction

  • Basic Rules of Section 199
    • Is It a Service or Is It Manufacturing/Production of QPP
    • Identifying DPGR
    • What Is QPAI
    • Identifying Allocable Costs and Expenses
  • Special Rules for Combined QPP/Service Revenues
  • Special Rules for Software and Film

Emerging Audit and Tax Controversy Issues in Section 199

  • Contract Manufacturing - the Advo Case and the Proposed Regulations
  • SaaS and Online Software - QPP or a Service
  • SaaS and Online Software - Substantially Identical Software
  • Embedded Services
  • Valuation/Transfer Pricing Questions
  • Recent Cases on the "Manufacturing" Definition

Maximizing Your Section 199 Deduction

  • Finding Embedded QPP in Service Revenue
    • Labeling a Contract Either as a Service Contract or a Production Contract May Not Identify Embedded Items
  • Allocation Techniques to Maximize the Allocation of Costs to Non-DPGR
  • Planning With Accounting Method Changes Under the TI Limitation
  • Integrating Design and Development Services With Follow-on Production
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on May 26, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • CAC 0.5
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

William Skinner

Fenwick & West LLP

  • Partner in the Silicon Valley office of Fenwick & West LLP
  • Practice emphasizes all aspects of U.S. federal and international corporate taxation
  • Publishes articles and conducts regular seminars/live webinars and workshops on numerous international and corporate tax topics
  • Teaches in the Masters of Taxation program as an adjunct faculty member at San Jose State University
  • J.D. degree, Stanford Law School; B.A. degree, University of California, Berkeley
  • Can be contacted at 650-335-7669 or [email protected]

Michael Solomon

Fenwick & West LLP

  • Partner in the San Francisco office of Fenwick & West LLP
  • Practice emphasizes all aspects of tax controversy work, tax accounting issues, tax attribute planning, intellectual property tax, research tax credit and international tax
  • Conducts regular seminars/live webinars and workshops on tax planning and associated business structuring
  • J.D. degree, cum laude, Harvard Law School; B.A. degree, magna cum laude, Yale University
  • Can be contacted at 415-875-2379 or [email protected]
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 397691
Published 2016
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