Title VII of the Civil Rights Act of 1964 protects individuals against color and racial discrimination in the workplace, as well as national origin, sex, or religious discrimination. It is unlawful to discriminate against any employee or applicant for employment because of his/her race or color in regard to hiring, termination, promotion, compensation, job training, or any other term, condition, or privilege of employment. Title VII also prohibits employment decisions based on stereotypes and assumptions about abilities, traits, or the performance of individuals of certain racial groups. Title VII prohibits both intentional discrimination and neutral job policies that disproportionately exclude minorities and that are not job related. Discrimination on the basis of an immutable characteristic associated with race, such as skin color, hair texture, or certain facial features violates Title VII, even though not all members of the race share the same characteristic. Title VII also prohibits discrimination on the basis of a condition which predominantly affects one race unless the practice is job related and consistent with business necessity. Harassment on the basis of race and/or color violates Title VII. Ethnic slurs, racial “jokes,” offensive or derogatory comments, or other verbal or physical conduct based on an individual’s race/color constitutes unlawful harassment if the conduct creates an intimidating, hostile, or offensive working environment, or interferes with the individual’s work performance. Title VII is violated where minority employees are segregated by physically isolating them from other employees or from customer contact. Title VII also prohibits assigning primarily minorities to predominantly minority establishments or geographic areas. It is also illegal to exclude minorities from certain positions or to group or categorize employees or jobs so that certain jobs are generally held by minorities. Coding applications/resumes to designate an applicant’s race, by either an employer or employment agency, constitutes evidence of discrimination where minorities are excluded from employment or from certain positions. Requesting pre-employment information which discloses or tends to disclose an applicant’s race suggests that race will be unlawfully used as a basis for hiring. Solicitation of such pre-employment information is presumed to be used as a basis for making selection decisions. Therefore, if members of minority groups are excluded from employment, the request for such pre-employment information would likely constitute evidence of discrimination. Racial Discrimination Lawyer Free ConsultationWhen you need legal help with a racial discrimination matter, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Do You Have To Sell Your Home in Divorce? via Michael Anderson https://www.ascentlawfirm.com/racial-discrimination-law/
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According to the Internal Revenue Manual, it is not criminal or fraudulent to reduce, avoid, or minimize personal income taxes by legitimate means. In other words, avoidance is acceptable, but evasion is not. However, with all of the rules and exceptions at play in the federal tax code, knowing the difference between the two isn’t always easy. You need to understand what activities cross the line and will get you on the receiving end of an audit, or worse. You’ll also learn how to avoid behaviors the Internal Revenue Service (IRS) considers criminal or fraudulent. When you avoid taxes, you do not conceal, misrepresent, or make things appear as they aren’t. Making a mistake is not criminal either. It all boils down to whether you intentionally do something fraudulent. If the IRS determines that your behavior was intentional and criminal, you may find yourself paying a fine or, in the worse case, spending time in jail. Although the following list is not all-inclusive, it gives a number of common examples of taxpayer behavior that the IRS considers intentionally fraudulent or criminal – Deliberately under reporting income; Taking payments in cash and failing to deposit them in order to avoid tax consequences; Inflating the value of business expenses; Creating false business expenses for tax purposes; Using a false social security number; Keeping two sets of financial records for your business; Claiming an exemption for a spouse when you are single; Claiming an exemption for a dependent whom you never supported; Destroying your books to conceal tax evasion; Creating false checks or receipts to support deductions that don’t exist or denying that deposits in your accounts are income when they are; Concealing financial accounts from the IRS; Transferring assets to conceal them from the IRS; Reporting personal expenses as business expenses; Claiming more charitable deductions than were made; Failing to file returns even if you make a substantial amount of income; Making false statements to the IRS under oath; Failing to file returns despite having been contacted in prior years by the IRS for failing to file. Essentially, you want to be completely honest and forthright about your income and taxes. Sometimes there’s a fine line between avoidance and evasion. This is especially true considering the constantly evolving nature of tax law where a tax strategy may be allowed one year, but not the next. Having an experienced tax attorney by your side can help you find a resolution and better plan for future tax years. IRS Crimes Lawyer Free ConsultationWhen you need legal help with an IRS Crime, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Regulations When Offering an Unpaid Internship Do You Have To Sell Your Home In Divorce? via Michael Anderson https://www.ascentlawfirm.com/irs-crimes/ It’s always good business practice for creditors to obtain security for their commercial agreements, namely, interests in tangible property that can be used to compensate for losses in the event of a default. This form of collateral could be a house, a car, furniture or a piece of construction equipment. In some cases, the collateral is the very item being sold or leased in the underlying commercial agreement. When a secured agreement goes sour and the buyer or lender stops making payments, the creditor can fall back on its collateral to try and make itself whole. When this plays itself out in the district court – usually through a trial or “mini-trial” called an evidentiary hearing. Think of a 4-8 hour day in court where you have to prove that you are entitled to this writ. The plaintiff has access to powerful pre-judgment relief in the form of a Writ of Restitution. Here you’ll find more information about using a Writ of Restitution in debt collection. These can be used for other purposes too. Think real estate an rental properties. Also think about getting collateral for a business or other property. We help companies do this on a regular basis. Unlike a writ of attachment, which is typically used for unsecured agreements, a Writ of Restitution is used when the plaintiff has a security interest in property held by the defendant. In essence, the writ acts as a court order authorizing a local sheriff to obtain possession of the collateral on the plaintiff’s behalf. If the underlying security agreement authorizes the plaintiff to take possession and sell the collateral, it may do so to mitigate any damages. It’s important to note that when the collateral is a house or other residence, there are generally greater restrictions on what plaintiffs can do with the collateral before a judgment is entered. These cases proceed under state laws governing judicial foreclosures. Whenever a plaintiff applies for a Writ of Restitution, it’s also good practice to simultaneously obtain a court order specifically directing the defendant to turn over the property in question. These turn over orders can be an effective tool in getting a defendant to surrender possession of any collateral. After all, failure to comply with such orders could result in contempt proceedings against the defendant. The Elements of Writ of RestitutionObtaining a pre-judgment Writ of Restitution typically requires showing: When it comes to the validity of a plaintiff’s security interest, it’s important for creditors to ensure that their interests are properly perfected. That may require the filing of a UCC Filing Statement or the recording of a Deed of Trust/Security Agreement after the original agreement with the defendant is signed. In order to obtain a Writ of Restitution, or any other judicial relief, you first need to file a civil lawsuit against the person or business that owes you money. Once your complaint has been filed and served, you can apply for a Writ of Restitution from the court, which you may initiate at any time before judgment. Writ of Restitution Lawyer Free ConsultationWhen you need legal help regarding a writ of restitution, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Prenup Lawyer in Salt Lake City Attorneys for Property and Fences in Utah Which Bankruptcy is Best for Me? via Michael Anderson https://www.ascentlawfirm.com/what-is-a-writ-of-restitution/ Although you don’t necessarily have to sell your home after you go through a divorce, it is certainly a common occurrence. Most people that do sell their homes after divorce do so for one of the following reasons. They can no longer afford the mortgage payments on the home because of the terms of their divorce and the fact that they are no longer combining incomes to pay for it, and there must be a second home established. The home has very large equity in it, and neither spouse has the money to buy out the other. Basically, the house can become a financial casualty as people are often financially unprepared for the possibility of a divorce. It’s not exactly something that people plan for, and selling the house is a short-term solution to a big financial problem. However, there may be reasons that people resist the idea of selling the house. These reasons are often emotional in nature. For example, the need for consistency that children have after a divorce is extremely significant. It is asking a lot of children to be able to deal with losing not only their parents’ marriage, but the home in which they grew up. There is also the strong emotional attachment that can be bound to a home that was for so long a family residence that built up many memories over the years. How to Know When You Need a Prenuptial AgreementIf you are about to enter into a marriage with your significant other, you may be wondering if a prenuptial agreement is needed to protect your assets. Although no one likes to think about the possibility of a marriage dissolving, reasons couples choose to enter into a prenuptial agreement may be to clarify terms of divorce in case of future separation. Determining how a couple’s assets will be divided in a divorce before the couple gets married enables each party to clearly understand what they will receive after the dissolution of their marriage. This understanding can help reduce arguments in divorce proceedings, and may allow for a smoother divorce process. If one or both members of a couple have children from a previous relationship, they may use their prenuptial agreement to outline how they wish to pass down their assets in the case of their death. Without formally stating their intended division of assets, a spouse risks that the majority of their property could be claimed by their partner, or divided according to state laws. Couples may use a prenuptial agreement to distinguish who is responsible for which financial aspects of their relationship. They can also clarify who has a right to which assets. If you or your spouse acquired significant debt prior to your relationship, you may wish to include in a prenuptial agreement that one partner is not responsible for the other’s financial obligations. There are many reasons couples choose to enter into a prenuptial agreement. Often, couples choose this type of contract because they want to have a say in the division of their property in the event of divorce or death. If no prenuptial agreement or — in the case of death — estate plan exists, the state’s laws determine who has access to a person’s assets. Divorce Lawyer Free ConsultationIf you have a question about divorce law or if you need to start or defend against a divorce case in Utah, please call Ascent Law at (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Getting Money From Family to Start a Business via Michael Anderson https://www.ascentlawfirm.com/do-you-have-to-sell-your-home-in-divorce/ Internships provide recent college graduates and those transitioning to new careers with the opportunity for real-life job training and can even lead to full-time jobs. College students, meanwhile, often receive class credit for internships. Employers can use internship programs to scout out new talent and get temporary help without committing to permanent new hires. But business owners who view interns as free labor or potential hires need to know that federal labor laws require payment in most circumstances. That’s not to say employers can never have unpaid interns; they’re just not very common, at least legally. State laws may also apply, but the Fair Labor Standards Act (FLSA) governs how interns must be compensated under federal law. Here is the Six-Part Test for Unpaid Internships The vast majority of interns working at for-profit organizations must be paid at least the minimum wage and any applicable overtime. Technically, paid interns are temporary employees and treated virtually the same as regular employees with respect to labor law. But you may legally hire an unpaid intern if the following six criteria are met:
Common Factors to Consider for Internship Programs
Student-Learners Employers who register with the U.S. Department of Labor may pay individuals who are at least 16 years of age 75 percent of the applicable minimum wage. These so-called “student-learners” also must be receiving instruction in an accredited school, college or university and work on a part-time basis. If you would like to apply for authorization to employ a student-learner at below the minimum wage, you must fill out and submit a form to the Wage and Hour Division of the U.S. Department of Labor (PDF). Business Lawyer Free ConsultationWhen you need legal help regarding an unpaid internship, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Car Accident Free Consultation Getting Money From Family to Start a Business via Michael Anderson https://www.ascentlawfirm.com/regulations-when-offering-an-unpaid-internship/ Owners of real estate get tax deductions that other people don’t get. You need to be a homeowner to qualify for the tax deductions we explain in this article. We’ve talked about how doctors get some tax deductions here but you, if you have real estate, you may be eligible to receive many tax benefits throughout the time you spend in your home. We’ll go over several of the tax deductions you can claim for owning a home or real estate. After you purchase a home, you are allowed to deduct all of your interest payments on any mortgage up to $750 million (per changes to the tax code that took effect beginning Dec. 14, 2017). There are restrictions on this popular homeowner tax deduction, however. First, you can only deduct the interest on a mortgage up to $750 million if you are married and filing jointly. If you are married and filing separately, both you and your spouse can only claim interest up to $375,000. Next, the mortgage debt must be secured by a first or second home. Lastly, if you paid in full for the house, you cannot later take out an equity loan with the house as collateral and deduct the interest on the home equity loan. One thing that many people fail to fully understand is the point system that mortgage lenders often use. Put simply, one point is equal to 1% of the principal of the loan. It is common to see fees in the amount of one to three points on a home loan. These fees are included on the income tax deductions list and can be fully deducted provided they are associated with the purchase of a home. If you are refinancing your home mortgage, then these points are still fully deductible, but must be done so over the life of the loan and not up front. Those that do refinance their homes can write off the remainder of their old points. Some people may be able to deduct some of the interest paid on a home equity loan (line of credit) from their 1040s. However, the Internal Revenue Service limits the amount of debt that can be treated as home equity for this tax deduction. You are limited to deducting the smaller of (a) $100,000 if filing jointly, or $50,000 for each person of a married couple if filing separately; or (b) your home’s total fair market value minus certain outstanding debts against the home. The fourth item on the homeowner tax deductions list is the interest on a home improvement loan of up to $750,000 (per changes in the tax code that took affect in 2018). Many people find it necessary to take out a loan to make improvements to their homes, as well as for repairs and fixes. It is important to distinguish these two types of work, however, because only the interest on loans taken out for home improvements may be deducted from your income taxes. A qualifying loan is one that is taken out to add “capital improvements” to your home, meaning the improvement must increase your home’s value, adapt it to new uses, or extend its life. Examples of capital improvements are: adding a third bedroom, adding a garage, installing insulation, landscaping and more. Loans that do not qualify for a home improvement loan interest deduction are those that are taken out for repairs only. Examples of repairs including painting, plastering, fixing broken windows, replacing cracked tiles and more. If you have repairs to make that can wait, you should wait until you are about to sell your home because then you may be able to deduct these costs under the selling costs deduction. Property taxes or – taxes on real estate – are deductible from your income taxes on your Form 1040 up to the amount of $10,000 for both individual and married couples (per a change in the law taking affect in tax year 2018). However, if your money is being held in escrow for the purpose of paying property taxes, you cannot claim this deduction until the money is actually taken out of escrow and paid. In addition, if you receive a partial refund of your property tax, this reduces the amount of the deduction you can claim. If you use a portion of your home exclusively for the purpose of an office for your small business, you may be able to claim a deduction on your taxes for costs related to insurance, repairs, and depreciation. The IRS recognizes two times when you may claim a home office deduction (1) Part of your home is used exclusively and regularly as either your principal place of business, or a place where you meet and deal with customers or patients. If there is a separate structure attached to your home, then the regular and exclusive use does not also have to be your principal place of business; or (2) part of your home is used on a regular basis for storing things that are used in your business, such as product samples or inventory. In addition, this also encompasses home daycare facilities. After you have decided to sell your home, you may be able to reduce your income tax by the amount of your selling costs. These costs of selling real estate can include things like repairs, title insurance, advertising expenses, real estate broker’s commissions, and inspection fees. However, the IRS only allows you to deduct repair costs associated with selling costs if the repairs are made within 90 days before the sale, and the repairs were made with the intention of improving the marketability of your home. Selling costs are deducted from your gain on the sale, which is found by taking the selling price and subtracting the closing costs as well as your tax basis. Your tax basis is a technical term which can be found by taking the original purchase price and adding the costs of any capital improvements you made to the home and finally subtracting any depreciation. When you sell your home, you may be able to keep some of the profit as tax-free income. If you are married and filing jointly, you may claim up to $500,000 in profit from the sale of your home provided that you used the home as a principal residence for two of the previous five years. If you are filing either as single or married but filing separately, you may keep up to $250,000 of the profit tax-free. If a new job requires you to move so you can begin work, you used to be able to deduct a portion of your moving costs from your income taxes. But this is only limited to military service members, per changes in the tax code that took effect in 2018. Interested active duty service members must be required to move because of a permanent change of station in order to be eligible for these deductions. . Moving costs deductions may include items such as transportation, lodging and storage fees. Last is the MMC. A program that some states use is a mortgage credit certificate. This homeowner tax deduction that helps low-income, first time homebuyers offset a certain portion of the mortgage interest on a new mortgage to help them qualify for getting a home mortgage. Traditionally, the MCC program allows qualified buyers to deduct up to 20% of their mortgage interest payments made on a home from their income taxes. To get started in the MCC program, you must apply with your state or local government to be issued a certificate. This credit is available for each year you own the home and is subtracted directly from the amount of income tax you owe. Real Estate and Tax Attorney Free ConsultationWhen you have a legal matter that involves both taxes and real estate, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Car Accident Free Consultation via Michael Anderson https://www.ascentlawfirm.com/tax-deductions-for-homeowners/ There are many different ways you can finance your new business: a bank loan, venture capital funding, or even crowdfunding. But if you’ve tapped out the traditional methods, including your savings, retirement accounts, and the equity in your home, obtaining money from family and friends is a great way to get or keep a business going. It is common for small business owners to start up a business by using funds from family and friends. Borrowing money from family and friends or giving them an equity interest in the business is much easier than obtaining funding from a bank. Borrowing Money from Family or FriendsUnlike a bank loan, acquiring private money does not require filling out paperwork or waiting for the loan to go through. Obtaining financing from friends and family offers several advantages. Flexibility of a private loan: Unlike a standardized bank loan with inflexible terms, it is possible to work out a customized repayment plan. For example, a generous family member or friend may allow for interest-only payments for a short time or may delay initial payments for several months. Collateral is unnecessary: Because of the risk involved in lending money for a business, commercial lenders will often require security for the loan, such as a mortgage on a property. Most friends and family will not usually require collateral to secure a private loan. Lower interest rate: Banks establish interest rates on business loans by using the prime interest rate as a base and then add a few percentage points. The interest rate on a loan depends on the creditworthiness of the borrower and the economy. In most cases, the interest rate on money from family or friends will be much less than a standard bank loan. Credit history is not relevant: It may be nearly impossible to acquire a loan when the borrower has a history of credit problems or a bankruptcy. Many banks will shy away from lending to a borrower that poses a financial risk. Depending on how well you know the potential private lender will determine the appropriate environment for making your sales pitch. In the living room or at the kitchen table in a home, in a coffee shop, or at a restaurant are all appropriate places. The first think you need to do is contact the private lender and schedule a meeting. Then you should have a written business plan. Remember, Intel’s business plan was only 1 page in length. We’ve seen plans over 50 pages long and they are just confusing. You need to be able to explain very simply what your plan is and why you need the money. It is risky to invest in any business and it’s got to be set up properly. You should have a private placement memorandum in place or other securities structure or you may get sued if things go south. Make sure you speak with a business lawyer about your structure and how you intent to get cash before you take the money. Once an agreement is put in place orally, you need to put it in writing. Get It In WritingThe terms of the lending arrangement should be in writing. An arrangement should include the terms regarding the interest rate, late fees, repayment terms, and the length of the loan. A written agreement establishes the legal obligations of each party and defines the important terms of the arrangement. Some friends and family might prefer an equity interest in the business. An equity investment will give the investor a share of the business. This means that the investor will share the profits and losses as a co-owner of the business. Unlike a loan, if the business fails there is no obligation to pay the investor back. The investor, therefore, bears all risk, unless there is a guarantee on the investment. Most investors are unprepared to risk more than they have invested. A business that operates as a sole proprietorship becomes a general partnership when an equity investor becomes a part of the business as a co-owner. General partners are subject to personal liability for the debts of the business. To shield an equity investor from bearing more loss than the initial investment, consider converting the business to any of the following business structures if you offer an equity interest. These can be in a corporation, LLC or partnership. In a Corporation, the investor can become a shareholder. A shareholder that does not participate in running the business or in making decisions is free from liability beyond the investment. In a partnership, a limited partner that is not involved in running the business will not incur personal liability for the business. In an LLC or limited liability company, the investor that becomes a member is shielded from liability for the debts of the business, unless the member engaged in wrongful conduct. Business Attorney Free ConsultationWhen you need legal help getting money for your business, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Michael Anderson https://www.ascentlawfirm.com/getting-money-from-family-to-start-a-business/ It’s a situation we’ve seen countless times: you’ve been hurt in an auto accident in Utah or perhaps another state and, unfortunately, the accident was caused by another party’s negligence. Soon, it dawns on you that you will need to hire a lawyer to ensure that you’re fairly compensated for your troubles. After having located Ascent Law, a personal injury law firm, you’ve call the office and arranged for your free consultation. Before speaking with an auto accident attorney, you’ll want to be prepared to get the most out of your free consultation. Based on prior experience, here are a couple of ideas for making certain that a positive interaction occurs. Before you meet with your lawyer to discuss your legal issue, make a lists of questions you have. This will help the meeting run more efficiently. The next step may seem obvious but it’s important: listen to your lawyer. They know how to best handle your case and they know what it takes to help you obtain the reparations you rightfully deserve. Additionally, when conversing with your lawyer here in Salt Lake City or St. George, Utah or elsewhere, make sure you are completely honest. There’s simply no sense in withholding information about an accident or fabricating the details of the injuries derived therefrom. Your lawyer is there to help you and they can’t provide sound legal counsel if you aren’t entirely transparent as to an event’s specifics. Furthermore, there are a couple of documents you will want to consider bringing. They include, but are not limited to, police reports, medical bills and insurance information. When handled properly, a free consultation can be a mutually beneficial meeting for all involved. Any motorcyclist from West Jordan, Utah would tell you that there is nothing better than riding down a winding canyon road in the spring, summer or fall. On the other hand, your lawyer would tell you that there isn’t anything more devastating than a motorcycle accident. The truth is, if you’re careful and follow all the safety rules, you can minimize the damage done in an accident. Though, if you drive a car instead, statistically, you’d be safer. Getting into an auto accident isn’t pretty either, but there are more safety feature to protect you in a car: airbags, seat belts and shatter-resistant glass to name a few. The bottom line is, when you drive a car, there is more standing between you and death than there is when you ride a motorcycle. All a motorcyclist has is a helmet and leather. Cars are also much easier to control. While motorcycles are smaller and much more maneuverable, they can lose control easily—especially at high speeds. In any case, you should drive and ride as safely as you can. If you get into an accident in either a car or on a motorcycle, make sure you call your lawyer. While motorcycles may be less safe in comparison to cars, they can also be a lot less expensive than a car too. The average price of a car is $30,000. A decent motorcycle on the other hand, costs between $3,000 and $6,000. Many people justify risking a motorcycle accident because of this huge price difference, but your lawyer would tell you that this small price difference isn’t worth your life or getting injured. After all, if you do decide to purchase a motorcycle, make sure you take all the appropriate training, and make sure you wear the proper safety gear. Be extremely careful when riding in inclement weather and make sure to stay vigilant on the roads. Car Accident Lawyer Free ConsultationWhen you need legal help and have been injured in a car or motorcycle accident, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506 via Michael Anderson https://www.ascentlawfirm.com/car-accident-free-consultation/ The tax system is so complicated and intimidating that myths about the system and your rights have proliferated. Don’t get confused by the baseless arguments, strange conspiracy notions, and misguided assumptions that can get taxpayers in trouble. One myth is that taxes can’t be discharged in a bankruptcy, when in fact some taxes can be discharged in a bankruptcy, but you’ve got to know the rules. There are some common rumors out there about taxes in general and you should always look for official verification – or call us to discuss the matter – when you hear something that sounds too good to be true, but if you hear any of the following stories be aware that they are untrue. Some people claim that there are no benefits for e-filing, but e-filing results in quicker returns, more accuracy, and avoids lines at the post office; among other benefits. Tax protestors that claim that taxes are illegal, involuntary, or invalid are mistaken. These arguments typically closely examine the constitution, the precise language of the tax code, and the status of organizations responsible for administrating the tax system. These arguments have all been litigated and found meritless by multiple courts. Remember, unless your income is below a certain level, you will have to file federal income tax returns each year. Death and Taxes – those are the 2 most certain things while you are alive. You’ll always be facing them. No doubt about it. Gamblers may think their losses are tax deductible, but this deduction is limited to a deduction equal to or less than your winnings. Home offices can be written off, but to qualify for this deduction you must be self-employed. The home office deduction is only available if part of your home is used regularly and exclusively for business. Workers sometimes think tips don’t count as taxable income. If you earn more than $20 in any given month you must report that amount to your employer by the 10th of the following month, who then reports tips to the IRS. This income is taxable. It is important to understand your rights when dealing with the Internal Revenue Service (IRS). IRS employees must explain and protect your rights throughout the process. They may not disclose your information to anyone unless authorized to do so by law. You have the right to know why the IRS wants information, how it will be used, and what will happen if you refuse to provide the requested information. IRS employees must be polite, professional and fair. You have the right to have someone represent you when dealing with the IRS. Your representative could be a tax attorney, a certified public accountant, or an “enrolled agent.” You can stop an interview at any time to consult with your representative, bring someone with you, or tape record your meeting. You only need to pay as much as you owe and can get a payment plan if necessary. The IRS will owe you interest if it takes more than 45 days to send you your refund. You can appeal an audit agent’s decision and the collection efforts of some collections agents. Tax Lawyer Free ConsultationWhen you need legal help, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
Which Bankruptcy is Better for Your Credit? via Michael Anderson https://www.ascentlawfirm.com/tax-myths-unmasked/ Songwriters and Composers know the ins and outs of writing lyrics and composing music; but when it comes to the intellectual property rights, business aspects and other legal ends, sometimes, they could use some help from others who do this stuff on a regular basis. When it comes to IP law, Among songwriter tips, an important one is regarding songwriter credits. When you are co-writing music, be sure to specify how revenues and credits will be sorted out, as soon as you finish the songwriting. If you don’t do this right away, you could find yourself arguing about how to split credits and revenue with people you don’t work with anymore. This could take some time and may cause delays. Be sure to include any non-writing members you want to share in the income. Although you don’t need a formal contract, you do need to put your agreement in writing. If you are in a band that is already earning money, owns its own equipment, and has a working career, you should consider using a band partnership agreement. If you contributed in any way to a song’s structure, chord progressions, or lyrics, you are given a copyright to that song. Even if you only contribute to a section of the song, such as by creating the rhythm section, you have copyright ownership interests. The most straightforward ways to decide who gets songwriter credits are to have the members of the band determine who contributed to the song, or decide that every contributor shares equally in the band-written songs. After you have determined who your songwriters are, publicize their names and contact information or the contact information of your music publisher. Encode these names and copyright information into the text tags of your songs, as you prepare them for downloading. Keep in mind that copyright is not automatic. You need to register songs with the U.S. Copyright office to secure your copyright. Registration will protect your song from copyright infringement. Having your copyright registered will help you in any infringement cases so long as you register it before any infringements or within three months of the song’s release and may help you to recover more money damages in an infringement case. We help people with this. Call us to discuss this option. Whenever you sign with a major music publisher, you give up the copyright of the song to the publisher. In return, the songwriter receives a large portion of the royalties and often earns the bigger share from the publisher’s work. It is best to have an attorney review the deal for you, to ensure your best interests. Any music published before 1923 is considered public domain and is free for anyone to copy. Using this older music allows you to avoid having to pay royalties, get permission from a copyright owner, or give credit to the songwriter of the original song. Once you have used an old song, others may use those same tunes, but not copy the unique elements that you added to the old song. If they do, they have infringed upon your copyright. Performance rights organizations monitor media such as radio stations, nightclubs, and websites and collect royalties from those that use your song. They pay these royalties directly to the music publishers and songwriters. Register with such organizations as Broadcast Music, Inc. (BMI) or the American Society of Composers, Authors, and Publishers. Radio used to be the way to get your song heard by the masses. Technology has changed all of this. Market your music in ways that will open up licensing opportunities for you. Songwriters who publish on their own, instead of using a publishing company, receive 100 percent of the revenue. If you use a music publisher, the publisher gets part of your earnings, and you will probably receive between 60-75 percent. Established music publishers are better connected and able to book you more lucrative deals and publicity than if you were on your own. If a portion of your home is used only for composing and recording your songs, and you have no other fixed locale you work from, you can claim a home office tax deduction. The amount you are allowed to claim is directly proportional to the percentage of your home you are using. For example, if you are using 20 percent of your home as an office, you can claim 20 percent of your home office expenses. These expenses include rent, mortgage interest, property taxes, utilities, homeowners insurance, etc. If you use this deduction, once you sell your home, you lose the capital gains tax exemption on the home office part of the home. You can avoid this by living in your home for two of the five years preceding the sale of your home. Songwriting Copyright Lawyer Free ConsultationWhen you need to copyright a song, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
4.9 stars – based on 67 reviews
via Michael Anderson https://www.ascentlawfirm.com/songwriting-copyright-law/ |
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