Important Service Announcement: Based on user feedback we are not shutting down the TaxAlmanac.org website however the site is now an archived version as of June 2014. While all of the existing discussion threads and commentary will be preserved you will no longer be able to edit content, post to forums or create additional logins.
Discussion:Domestic Production Activities Deduction
From TaxAlmanac, A Free Online Resource for Tax Professionals
From TaxAlmanac
Discussion Forum Index --> Tax Questions --> Domestic Production Activities Deduction
Ryanlaq (talk|edits) said:
| 14 February 2006
|
| If a schedule C or Partnership in new home construction pays no W-2 wages to employees, Can they claim the Domestic Production Activities Deduction?
|
TIMLEE (talk|edits) said:
| 14 February 2006
|
| Sorry, you can't deduct the Domestic Production Activities Deduction. The idea is to create more employment by this law. I learned from a tax seminar.
|
TIMLEE (talk|edits) said:
| 14 February 2006
|
| The problem is that IRS did not release the form 8903 yet 2-14-06 and a lot of fishermen are waiting for the form. Remember their due dates are 3/1/2006.
|
Ryanlaq (talk|edits) said:
| 15 February 2006
|
| What if a wife is paid wages from a husbands Schedule C, would this now qualify as W-2 wages paid for the deduction?
|
WESR (talk|edits) said:
| 15 February 2006
|
| hi if she works properly bye
|
Dstern7 (talk|edits) said:
| 16 February 2006
|
| When calculating the deduction, is officer salaries on Sub-S included as wages and what do they mean by other expenses related to Qualified Domestic Receipts. Do you add in all or some of the general operating expenses of the company like rent, supplies, telephone, gifts, etc.
|
To join in on this discussion, you must first
log in.
