The Section 199 Deduction is a valuable tax deduction for domestic production and manufacturing activities to incentivize retaining manufacturing jobs in the U.S. The definition of ‘production’ is also broad and also applies to software development and...
The IRS has issued a new Tier I Industry Director Directive on Domestic Production Deduction (DPD) #3 Field Directive Relating to Compensation and the Section 199 Deduction. The new IRS directive permits the allocation and apportionment of certain pre-199 (i.e.,...