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Production of guidance process continues under Section 199: The final and temporary regulations
Magazine article

Production of guidance process continues under Section 199: The final and temporary regulations

Thomas J., III Purcell, Robert A. Zarzar and George A. Manousos
Business Entities, Vol.8(6), pp.4-23, 59
11/2006

Abstract

Tax accouting Commercial law Tax deductions Corporations--Taxation
The article examines the terms and conditions of the Domestic Production Activities Deduction of Section 199 which was enacted by the American Jobs Creation Act of 2004 effective for tax years beginning after December 31 2004 in the U.S. Under the provisions most taxpayers will be able to use the simplified deduction method or small business simplified overall method to perform the required expense allocations to calculate the deduction.

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