US Production Incentives

US Production Incentives

US Production Incentives

Permanent Tax Savings from IRC Section 199 - DPA

WTP Advisors' domestic production activity services create recurring permanent tax savings for businesses that manufacture, produce, grow or extract in the United States.

Production activities qualified under IRC Section 199 include tangible personal property, software (computer, sound recordings and film), utilities (electricity, natural gas or potable water), real property construction services, and engineering or architectural services related to real property construction projects.

These services include:

  • Creating a repeatable process to effectively manage data gathering on an ongoing basis, and establishing processes for recordkeeping and documentation required for IRS purposes.
  • Identifying qualifying revenue streams.
  • Analyzing impact on other tax areas (e.g., state and local).
  • Analyzing allocation and apportionment methodologies.
  • Analyzing multi-dimensional profitability, which is useful in business review.
  • Calculating transactional taxable income and reconciling tax-return data and financial information.
  • Developing transparent work paper trail.
  • Creating supportable documentation of qualified domestic production activity to withstand IRS scrutiny.


In addition, our U.S. Export Incentives services help businesses benefit from repealed ETI exclusions, and IC-DISC services provide annual tax benefits for exporters.

Contact us to learn more about these services.

   

Global Contact Jim Fyhrie

Jim Fyhrie
Principal
612-605-4439
jim.fyhrie@wtpadvisors.com