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Government

Apr. 11, 2007

Taxman's New Tune

Focus Column - By Michael R. Morris - New legislation provides significant tax breaks for songwriters.

FOCUS COLUMN

By Michael R. Morris
     
      The Tax Increase Prevention and Reconciliation Act of 2005, signed into law on May 17, 2006, offers significant tax planning opportunities for both songwriters and music publishers. The potential tax breaks for songwriters are especially groundbreaking. For the first time, self-created musical compositions or copyrights in self-created musical works ma...

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