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U.S. IRS Issues Alert on Improper Corporate Domestic Production Activities Deduction Refund Claims

02 March 2021

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Approved Changes

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United States

The U.S. IRS issued an alert on 25 February 2021 concerning amended returns and claims for the Domestic Production Activities Deduction. --- IRS issues alert on improper corporate domestic production activities deduction refund claims IR-2021-45, February 25, 2021 WASHINGTON — IRS officials issued an alert today concerning amended returns and claims for the Domestic Production Activities Deduction (DPAD). This provision of tax law was repealed as part of the Tax Cuts and Jobs Act for taxable years after December 31, 2017. In the wake of the repeal, the IRS has received a wave of questionable amended returns and claims for...