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Hot, New Final Sec. 199 Regs Focus of CCH Audio Conference
(RIVERWOODS, ILL., May 25, 2006) – Since 2004, Section 199 of the Internal Revenue Code has contained an attractive deduction for domestic manufacturers, but almost every phrase in this provision has provoked questions by practitioners seeking to take advantage of it for their clients, according to CCH, a Wolters Kluwer business and a leading provider of tax information, software and services. Now, only days after the IRS has issued interpretive regulations, CCH is presenting a 100-minute audio seminar on Sec. 199, featuring James M. Kehl, commentator, educator and author of the CCH book, Practical Guide to the Sec. 199 Deduction, on Thursday, June 1, at 2 p.m. Eastern, 1 p.m. Central (CCHgroup.com/Audioconferences).
“James Kehl has analyzed and followed Sec. 199 developments as closely as anyone in the country,” said CCH Managing Editor Richard Jarvis. “He’s the perfect guide to the new regulations and the ongoing questions about this important new deduction.”
In his presentation, Kehl will explore the extent to which the new guidance from the IRS answers questions that have arisen about the lucrative but complex deduction. Kehl will also spotlight the questions that are still unanswered and how practitioners should handle all of those clients who used extensions this year to allow extra time to take advantage of Sec. 199. In addition, Kehl will:
- Discuss and walk through actual examples of calculations used for Sec. 199;
- Analyze current developments concerning Code Sec. 199;
- Suggest what taxpayers can do right away to maximize their use of Sec. 199; and
- Present creative and innovative ideas as to Code Sec. 199’s application.
The audio conference will include a live question-and-answer session.
About the Speaker
James M. Kehl, CPA, is a partner in the accounting firm of Meehan & Roby in Timonium, Md. Kehl received a bachelor’s degree in accounting from Loyola College of Baltimore and received a master’s degree in Taxation from the University of Baltimore. He has more than 33 years of public accounting experience with a concentration on taxation. He has taught courses in taxation for numerous professional societies and private firms. Kehl is the author of the CCH book, Practical Guide to the Sec. 199 Deduction. He has also authored several tax articles, including recent articles on the Sec. 199 manufacturing deduction in CCH’s TAXES: The Tax Magazine and the Journal of Passthrough Entities. He has been the instructor for several interactive seminars sponsored by CCH on Code Sec. 199 and has also published an article concerning allocating costs under Code Sec. 199 in the Daily Tax Report.
How the Audio Seminars Work
CCH’s live audio conferences require nothing more than a telephone connection. For the $299 per site fee, an unlimited number of listeners at a site can participate, get up to speed and in-the-know on these hot new topics.
Two hours of CPE credit are also available for each seminar for an additional $25 for each person wishing to receive a CPE certificate for participation in a conference.
Along with detailed handout materials, each site registering will receive the following special bonuses:
- A free copy of Kehl’s new book from CCH, Practical Guide to the Sec. 199 Deduction – a $95 value; and
- A free issue of CCH's Corporate Business Taxation Monthly.
How to Register
To register online using a credit card go to https://www.krm.com/cch. To register by phone, call CCH Customer Service at 1-800-775-7654. Please have your credit card information ready. For more information, go to CCHgroup.com/Audioconferences.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHgroup.com) is a leading provider of tax and accounting law information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.
Wolters Kluwer is a leading multinational publisher and information services company. The Company’s core markets are health, corporate services, financial services, tax, accounting, legal, regulation, and education. Wolters Kluwer has annual revenues (2005) of €3.4 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, see www.wolterskluwer.com.
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