New York, NY, April 18, 2015 –(PR.com)– The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: IRC Section 199: Deduction for Domestic Production Activities – A 2015 Update. This two-hour event is scheduled on July 8, 2015 @ 12:00 PM – 2:00 PM ET.
One of the biggest tax breaks for manufacturing firms, the ‘Manufacturing Deduction’, is available under Section 199 of the tax code. Some manufacturers may not be entitled to claim this tax deduction. Hence, to eliminate the confusion, the Large Business and International (LB&I) division of the IRS has issued new guidance for auditors.
The Knowledge Group assembled a panel of thought leaders and professional speakers that will provide an overview of the changes in the Rule and, help companies and their counsel understand which entities can claim the Manufacturing Deduction and under what conditions and circumstances under Section 199 Rule in Manufacturing Contracts.
Key topics include:
Section 199 Overview
Qualified Production Activities Income (QPAI)
Key Provisions on Domestic Production Activities Deduction
New IRS Guidelines
Two Key Certifications
Benefits and Burdens
IRS Audit Guides: Insights
Fenwick & West LLP
Cherry Bekaert LLP
Ronald G. Wainwright, Jr.
Partner – Tax
Mueller Prost PC
Director of Manufacturing and Distribution Service
For an updated list of the faculty panel, please visit:
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Group, LLC brings together the world’s leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
Visit http://theknowledgegroup.org/ for further information and inquiry.
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
Therese Lumbao, Director
Account Management & Member Services