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Tax bill offers relief to songwriters
Old 21st May 2006
  #1
Gear Guru
 
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Tax bill offers relief to songwriters

NEW YORK (Billboard) - Songwriters with valuable catalogs may want to delay any sale until next year. A new law is likely to go into effect January 1 that may substantially reduce songwriters' federal tax liability.

Quote:
"This is a landmark moment for the American songwriting profession," says Barton Herbison, executive director of the Nashville Songwriters Assn. International, which spearheaded the change. "Not only do songwriters deserve this tax treatment, but with the decimation of this profession over the past decade, we might actually save the careers of some very talented songwriters."
Old 10th June 2006
  #2
Rep
Lives for gear
 
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Quote:
Originally Posted by Sounds Great
NEW YORK (Billboard) - Songwriters with valuable catalogs may want to delay any sale until next year. A new law is likely to go into effect January 1 that may substantially reduce songwriters' federal tax liability.

Thanks for Posting this ...thumbsup

I Need to look into it more, and If I should delay My post Project ...
Must see if It can apply to Me !
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