Last month marked the deadline for Federal and State tax returns for tax year 2017 and like many Americans it’s likely that after you submitted your returns (or filed for an extension) you immediately stopped thinking about taxes until next year. We’re publishing this article to remind our members that Congress recently passed a pro-growth tax plan referred to as The Tax Cuts and Jobs Act (Public Law 115-97), which was signed into law on December 22, 2017.
This new tax plan will affect your earnings from January of this year (2018) onward, and there are some very good reasons for some in the film industry to begin planning now in anticipation of (more…)
New members of IATSE Local 479 need to understand that, while the union provides many services to you, it is not your employer. To be clear: the union is not your employer, the union is not your employer, and the union is not your employer.
The reason that this concept is worth repeating is that a failure to understand it may have a negative effect on your personal business, from your ability to draw unemployment to a timely closing on the purchase of a new home.
As has been explained in the article Lending Solutions for Members Seeking a Mortgage, Secretary / Treasurer Frank Hatcher receives frequent requests from mortgage companies for a Verification of Employment letter for members of our local who have informed these mortgage companies that Local 479 is their employer.
(Local 479 is not your employer)
Since the Local does not employ its members the Secretary/Treasurer will be unable to legally provide verification of any employment information a lender may be seeking. The information that Local 479 cannot provide includes a history of employment or a member’s start date with (more…)
Earlier this month the President signed a $1.5 trillion tax cut known as H.R. 1 into law and financial advisors have been scrambling to provide their customers with detailed information on the tax implications associated with this new piece of legislation. With the exception of some changes to medical expense deductions your 2017 taxes will be unaffected by this new law, but beginning on January 1, 2018, all of your business will fall under these new rules. Please consult with a tax expert to understand how your taxes may (more…)
People who work in film and television have traditionally faced great difficulty in qualifying for mortgages because traditional lenders do not understand the unique income structure of the entertainment industry. This article explains some misconceptions by our members, contributing factors as to why most traditional lenders are reluctant to issue loans to film/television technicians, and provides (more…)
This past Sunday members attending our General Membership meeting voted to once again implement several rebate programs to effectively reduce our members’ working dues from 3% to 2%, quite possibly the lowest working dues available for locals working under the same collective bargaining agreement as 479. Our Secretary / Treasurer Frank Hatcher sat down on Wednesday to explain how these dues-reducing programs work. (more…)