§199 Manufacturer
Home Up Business Telephone Excise Tax Credit Individual Telephone Excise Tax Credit §179 Deduction Health Savings Accounts 2005 Retirement Plan Limits §199 Manufacturer Kiddie Tax Alternative Minimum Tax Capital Gains and Qualified Divi ROTH Designated §401 §179 And SUV's 2005 Standard Deduction Optional Sales Tax Deduction Vehicle Donations

 

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Up
Business Telephone Excise Tax Credit
Individual Telephone Excise Tax Credit
§179 Deduction
Health Savings Accounts
2005 Retirement Plan Limits
§199 Manufacturer
Kiddie Tax
Alternative Minimum Tax
Capital Gains and Qualified Divi
ROTH Designated §401
§179 And SUV's
2005 Standard Deduction
Optional Sales Tax Deduction
Vehicle Donations

 

 

§199 Manufacturer's Deduction

The provisions of §199 have been added to the IRC beginning in 2005.  This deduction represents a non-cash deduction allowed equal to 3% of qualified production activity income for eligible taxpayers.  Questions you may have relative to the manufacturer's deduction may be directed to John Sherrick at JohnS@SitrickCPA.com.  John has conducted numerous CPE  presentations for practioners around the country on this issue.  Your questions and concerns on this deduction would be welcome.