MANU
SURGENT MCCOY'S TAX WORKSHOP ON THE
NEW MANUFACTURERS'/PRODUCERS' DEDUCTION
Learning Objective:
Don't underestimate the significance of this law! Created by The American Jobs Creation Act of 2004, this deduction affects not only manufacturers, but contractors, sub-contractors, producers of products, farmers, and more. Over 200 pages of final regulations have been issued. Let Surgent McCoy's comprehensive course guide you through planning opportunities and potential pitfalls in dealing with this very significant area of tax law.
Major topics include:
- Coverage of the final regulations.
- Filled-in form
8903.
- Separate sections
devoted to the affected industries, including:
- Real estate
(including construction, engineering, and architecture);
- Manufacturers
and producers;
- Food and beverage;
- Films and
recording;
- Computer software;
and
- Farmers.
- In-depth discussion
on who qualifies for the new deduction and who doesn't.
- Reconsidering your
choice of entity to maximize the new deduction.
- Calculating the
new deduction - significant complications arise in the allocations of
receipts and expenses.
- Compensation strategies
- creating enough, but not too much, W-2 wages.
- Special problems
and issues for pass-through entities and their owners.
- Practical planning
in tracking and accounting for qualified revenue and expenses.
CPE Credit: 8 hours
Designed for: CPAs
in public accounting and industry affected by this new law.
Level of knowledge:
Intermediate
Field
of study: Taxes
Prerequisites: None
Advance Preparation: None |
