As we reported in January, a recent court case has broadened the definition of a Domestic Production Activity which may allow your business to qualify for the IRC Sec. 199 Deduction, commonly referred to as the Manufacturing Deduction, without any additional cash out-of-pocket for your business. This deduction primarily affects orthodontists and general dentists that utilize a Cerec.
To determine qualification for the Sec. 199 deduction, CWA uses the simplified overall method for all clients as this approach supports the most accurate allocating and apportioning of all expenses associated with production and service activities.
Because of the potential of significant tax savings, your planning team will be contacting you to complete our questionnaire to determine if you meet the requirements for this deduction.