DPAD – A Benefit of Made in America
Do you have clients who are eligible for the domestic production activities deduction (DPAD)? DPAD is available to entities who manufacture, produce, grow or extract tangible personal property, computer software and sound recordings in the U.S. In this webinar, you will learn how to determine when your clients’ businesses are eligible for DPAD and how to report it. In addition, you will learn how to report DPAD information from pass-through entities on clients’ personal income tax returns.
All entity types, such as sole proprietorships, C and S corporations and partnerships, are able to claim DPAD. However, the basic rules of determining when a business is eligible for DPAD, calculating it and reporting on Form 8903, Domestic Production Activities Deduction, are complex. This webinar helps ease some of the complexity, so that you’re able to properly advise your clients who can take this deduction.
Upon completion of this course, you will be able to:
- List the activities that qualify for the DPAD.
- Identify clients who may qualify for the DPAD based on taxpayer activities.
- Describe the components needed to figure the DPAD.
- Apply the different cost allocation methods of the DPAD.
- Correctly calculate the DPAD.
- Accurately complete Form 8903, Domestic Production Activities Deduction.
- Report the DPAD correctly for flow-through entities.
This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Q&A transcript. CPE is issued after exam is successfully completed.
Genaro Cardarapoli, CPA