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#1
01-16-2007, 11:01 PM
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 Re: Domestic Production Activites Deduction SMF wrote: - quote - > Domestic Production Activites Deduction
Yes.> Does this apply to schedule C general contractors who build > residential and buisness properties? - quote - > How about Engineers and architects that are employees of
Yes.> firms that construct these properties? - quote - > How about engineers and architects that design for outside
No.> construction firms? - quote - > Thanks
Welcome.ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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01-16-2007, 11:01 PM
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| Re: Domestic Production Activites Deduction "SMF" <smfwdf[at]comcast.net> wrote - quote - > Domestic Production Activites Deduction
Yes, no and yes. In that order.> Does this apply to schedule C general contractors who build > residential and buisness properties? > How about Engineers and architects that are employees of > firms that construct these properties? > How about engineers and architects that design for outside > construction firms? The employees themselves don't get the credit. The business does. So the self-employed business, the partnerships, the corporations, etc would be eligible for the credit. It passes through to partners and "S" shareholders. An employee of any construction or engineering related business would not get the credit based on them being an employee. -- Paul Thomas, CPA paulthomascpapc[at]bellsouth.net << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
01-16-2007, 07:15 AM
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| Domestic Production Activites Deduction Domestic Production Activites Deduction Does this apply to schedule C general contractors who build residential and buisness properties? How about Engineers and architects that are employees of firms that construct these properties? How about engineers and architects that design for outside construction firms? Thanks << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| activites, deduction, domestic, production |
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