Apr. 14th, 2009

litch: (Default)
Teddy Roosevelt - The New Nationalism
Woodrow Wilson - The New Freedom
Franklin Roosevelt - The New Deal
John Kennedy - The New Frontier
Barack Obama - The New Foundation
litch: (Default)
Great gods I want to strangle george bush.

I'm doing my taxes and in the deduction there is a line (#35 on the 1040) for something called "Domestic Production Activities Deduction" which allows one to deduct 6% of the revenue for "domestic production activities". But what dear reader are "domestic production activities"? It includes construction of real property, engineering/architecture associated with such construction, income from production of a film, electricity, natural gas, or potable water, or income from "qualifying production property". What are those? tangible personal property, sound recordings, or computer software.

So, I derive revenue from the production of computer software, I should qualify right?

No, according to the instructions for form 8903 "Customer and Technical support is generally not included".

Which in my case means I just got screwed out of a $2272 deduction.
litch: (Default)
Whee fun, I owe $8437. I have enough to pay my next mortgage bill and a couple of my bills (under $1000). This is going to be fun.
I can't request a payment plan until I file my taxes and they get it in the system.

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litch

May 2009

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