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Articles with the keyword "domestic production deduction"

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Domestic Production Deduction Doubles In 2007

The domestic production deduction for income from qualifying activities has doubled to 6% for 2007. Many of our clients have activities that change from year to year, especially costs related to producing certain products. As a reminder, qualifying activities generally…

New Rules Clarify, Modify the Domestic Production Deduction

The Domestic Production Deduction (DPD) was passed as part of the American Jobs Creation Act of 2004 and became effective for years beginning on or after Jan. 1, 2005. Congress mandated that the Treasury Department provide guidelines within 90 days…

Domestic Production Deduction FAQ

What is the Domestic Production Deduction?: Part of the American Jobs Creation Act of 2004. An incentive to encourage manufacturing and other production activities in the U.S. using American employees. What types of entities may qualify? The domestic production deduction…

How you can benefit from the new domestic production deduction

On Oct. 22, 2004, President Bush signed into law the American Jobs Creation Act of 2004, which has more than 600 provisions. One of the biggest provisions is the domestic production deduction. In January 2005, the Treasury Department issued its…


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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.