There was a conference agreement in the Dec 15 version of the bill that excluded engineering and architecture services from the service industry. I wonder if surveyors would fall in this category.
Might be the only time you hear a surveyor say they are in engineering.
Might be the only time you hear a surveyor say they are in engineering.
I think it's the other way around:?ÿ engineering and architecture are not allowed to use the lower rate, so surveyors would want to claim that they're not engineering businesses.
The engineers and architects lobbied to have the exclusion -?ÿ https://www.enr.com/articles/43659-engineers-and-architects-gain-pass-through-tax-deduction
I had been reading older versions of the bill that lumped engineers and architects in with all the other professional services firms not entitled to the 20% deduction for pass-through entities.?ÿ The conference agreement -- and presumably the final bill -- strips engineers and architects out of that definition and allows them to take the deduction.?ÿ So I guess surveyors *will* want to be seen as coming under the engineering umbrella.?ÿ Whether that's going to fly or not remains to be seen.
A more recent reading of the bill's provisions lead me to believe that a sole proprietor land surveyor will be eligible to take the 20% business income deduction -- in addition to the standard deduction -- if his/her business income is less than $157,500 (filing single) or $315,000 (married filing jointly). It seems to me that these phase-out limits will cover most sole proprietors.
A few years ago, the PTO created a local Monopoly Game for a fundraiser.
Boardwalk was reserved for the Chatham Bars Inn.
Park Place was snatched by a big Realtor.
GO went to a developer who is pretty pushy.
The 4 railroads went to a property owner who has 4 major properties in Town.
We acquired Luxury Tax.
If your neighbor is being taxed 2/3 of your tax, then you should increase your invoice to make up for this disparity.
