2007 Domestic Production Activities Deduction (DPAD)2007 CourseCourse Level: Intermediate CPE Credits: 4 for EAs, 2 for CTEC, and 2 for CFPs Price: $60 for Members and $80 for Nonmembers Prerequisite: Basic knowledge of taxation of business. The domestic production activities deduction provides a tax savings against income attributable to domestic production activities and has a broad range of beneficiaries. Calculating the deduction often produces unique complexities that tax preparers may not be familiar with. This course will cover the basic concepts of the deduction including which activities qualify and the different cost allocation methods. To further build an understanding of the deduction, a comprehensive example will be completed. Objectives Upon completion of this seminar, the tax professional will be able to: - Identify which activities qualify for the Domestic Production Activities Deduction.
- Determine domestic production gross receipts.
- Apply the difference cost allocation methods of the deduction.
- Compute the deduction by completing Form 8903, Domestic Production Activities Deduction.
This course comes with a downloadable electronic textbook. If you would like to purchase a printed textbook for this course, the book will be available for sale for $20 for members and $25 for nonmembers (half the regular price). Once you are registered for the course, you can call Member Services at 800.558.3402, ext. 3 to purchase the book at this special price.
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