DPAD: An Acronym That Can Put Money In Your Pocket
The Domestic Production Activities Deduction (DPAD) also called the "domestic manufacturing deduction" or "U.S. production activities deduction." DPAD was passed into law as part of the American Jobs Creation Act of 2004 (PL 108-357) effective for tax years beginning after 2004.
Who Qualifies?
All businesses engaged in domestic manufacturing and production activities qualify for IRC ยง 199 Domestic Production Activities Deduction benefit. Traditional manufacturers qualify but the rules have broadened the traditional definition of manufacturing to also include companies such as Qualifying production property which was manufactured, produced, grown, or extracted by the taxpayer in whole or in significant part within the United States.
Need more info on the how to? Contact
Jerry Custin
at 813 855-4233
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