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What Should Investors In Conservation Syndications Do When DOJ Seeks Injunction?

Terry should ask for the $20,000 back from EcoVest and consider supplementing the fourth-quarter estimate, although that probably won’t make much difference.

I spoke with EcoVest investor relations and they made it clear that they won’t just cut a check.  Their point of view is that DOJ has arbitrarily struck demanding that five hard-working people, who are connected to EcoVest one way or another, are being asked to take up different work.  Due to the government shutdown, they have not been able to respond.

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Stormy Daniels On Employment Law

Stormy Daniels On Employment Law

As Katie explained it to me there are two common types of deals between clubs and dancers.  The dancer can just be getting cash tips and paying a fee to the club ($100 or $200 per night possibly).  In that case, there will be no reporting.  Technically, if the club is not a corporation, the dancer should be giving the club a 1099, but I doubt that ever happens.

In the other model, fees are paid by the patron to the club, which splits with the dancer and sends her a 1099.

In either event, the dancer is going home with cash every night.  Whereas, now, according to Katie she is waiting two weeks for a paycheck.

Then there is the matter of deductible expenses.  They don’t even mention 199A, but that would be another advantage of IC status.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.