Get And Sign Individual Characteristics Form ICF Work State Of Michigan Michigan
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How will the passage of "right to work" measures in Michigan affect the state economy?It's not clear yet what kind of impact the new legislation will have, particularly given the structural problems associated with Michigan (state)'s heavily manufacturing-based economy.There's no question that "Right to Work" laws, by design, weaken Labor Unions' influence. But how unions' influence impacts workers is a narrower question than how the new law will affect the state's economy.Unions have many impacts on workers, including maintaining strong protections for incumbents and accompanying hostility to new entrants. While it might be true that average wages in right-to-work states go down, as Dave Hogg outlines, it's also true that the "average wages" statistics don't account for workers that are unable to find jobs - and that's a particularly bad problem in Michigan now, as it is in most of the rest of the U.S. To the extent that the new law encourages employment in Michigan, it's definitely a good thing.Don't believe me? Here's Google's Unemployment Rate chart for Michigan and for the U.S., from 2000 to the most recent data (Note: I didn't pick 2000 for any reason aside from showing some context for the current numbers):Michigan's been hit hard by the The Great Recession (2007–2012), and still has an unemployment rate higher than the rest of the U.S. And this isn't a problem that's going to be fixed easily given its large manufacturing industry - mass-employment manufacturing is difficult to maintain in the U.S., and we have a long-term economic trend of offshoring that kind of work to cheaper locales. That's not going to change, not in this global economy, no matter what unions do.Further, if unions raise average wages at the cost of higher unemployment rates, that's a public policy problem that this law will arguably address. Unemployment, particularly in the long-term, is insanely harmful to workers, and I'm not convinced that it's a better outcome to have union members enjoying relatively higher wages while non-members face higher unemployment rates. (I'm also well aware that the comparison between alternatives is never that stark, but that's why this is a particularly difficult policy issue: if it was easy, we'd have solved it).Some obvious drawbacks to the law include reduced union influence (though to the state legislators, that's obviously a feature, not a bug), and possibly lower wages, on average. But even the Washington Post article that Dave linked suggesting that result (also available here: What do ‘right-to-work’ laws do to a state’s economy?) says as one of its major points that "The broader economic effects of right-to-work laws are often difficult to disentangle." And this is true of much economic policy making: the The Economy of the United States of America is so big and so complex that it's a rarity that a given economic result may be attributable to a single cause.I think Michigan's problems are much bigger than union membership, and we'll have to wait to see definitively what happens as a result of this new law. But I'd suggest that any apocalyptic political rhetoric you're hearing is way overblown. If this change is truly a bad outcome, the voters will elect representatives that will vote to reverse it. (Democracy works!)
Could an expert tell me how an out of state executor from Washington can legally transfer pistols and rifles which are located in Michigan and to be sold in Michigan?I am not an expert on Michigan law, but i can read the instructions. I suggest the executor begin by going to the Michigan State Police web site, MSP - Firearmswhere there is a link to a compilation of firearms laws. http://www.legislature.mi.gov/do...Page 8 of that says:8) This section does not prevent the transfer of ownership of pistols to an heir or devisee, whether by testamentary bequest or by the laws of intestacy regardless of whether the pistol is registered with this state. An individual who has inherited a pistol shall obtain a license as required in this section within 30 days of taking physical possession of the pistol. The license may be signed by a next of kin of the decedent or the person authorized to dispose of property under the estates and protected individuals code, 1998 PA 386, MCL 700.1101 to 700.8206, including when the next of kin is the individual inheriting the pistol. If the heir or devisee is not qualified for a license under this section, the heir or devisee may direct the next of kin or person authorized to dispose of property under the estates and protected individuals code, 1998 PA 386, MCL 700.1101 to 700.8206, to dispose of the pistol in any manner that is lawful and the heir or devisee considers appropriate. The person authorized to dispose of property under the estates and protected individuals code, 1998 PA 386, MCL 700.1101 to 700.8206, is not required to obtain a license under this section if he or she takes temporary lawful possession of the pistol in the process of disposing of the pistol pursuant to the decedent’s testamentary bequest or the laws ofand so on.If the executor is still nervous I suggest he or she get advice from a member of the Michigan bar.
The company I work for is taking taxes out of my paycheck but has not asked me to complete any signNowwork or fill out any forms since day one. How are they paying taxes without my SSN?WHOA! You may have a BIG problem. When you started, are you certain you did not fill in a W-4 form? Are you certain that your employer doesn’t have your SS#? If that’s the case, I would be alarmed. Do you have paycheck stubs showing how they calculated your withholding? ( BTW you are entitled to those under the law, and if you are not receiving them, I would demand them….)If your employer is just giving you random checks with no calculation of your wages and withholdings, you have a rogue employer. They probably aren’t payin in what they purport to withhold from you.
Which ITR form should I fill for payments received from the USA to a salaried individual in India for freelancing work, and how should I declare this in ITR? There is no TDS record of this payment as it is outside India.You can use ITR-1 to show it as Income from Other SOurcesIf you want to claim expense against this income, then you are better off showing it in ITR-2 again as Income from Other Sources. In this case dont claim too many expenses against Income from Other Sources because that usually triggers a scrutinyIf this is going to be regular, then you will need to fill ITR-3 and show this as Income from Business/Profession. The negative of this ITR is that it is quite voluminous and you will have to prepare a Balance Sheet and Profit and loss account even if your income from this source exceeds an amount as low as Rs. 1,20,000/-.
How does one run for president in the united states, is there some kind of form to fill out or can you just have a huge fan base who would vote for you?If you’re seeking the nomination of a major party, you have to go through the process of getting enough delegates to the party’s national convention to win the nomination. This explains that process:If you’re not running as a Democrat or Republican, you’ll need to get on the ballot in the various states. Each state has its own rules for getting on the ballot — in a few states, all you have to do is have a slate of presidential electors. In others, you need to collect hundreds or thousands of signatures of registered voters.
As one of the cofounders of a multi-member LLC taxed as a partnership, how do I pay myself for work I am doing as a contractor for the company? What forms do I need to fill out?First, the LLC operates as tax partnership (“TP”) as the default tax status if no election has been made as noted in Treasury Regulation Section 301.7701-3(b)(i). For legal purposes, we have a LLC. For tax purposes we have a tax partnership. Since we are discussing a tax issue here, we will discuss the issue from the perspective of a TP.A partner cannot under any circumstances be an employee of the TP as Revenue Ruling 69-184 dictated such. And, the 2016 preamble to Temporary Treasury Regulation Section 301.7701-2T notes the Treasury still supports this revenue ruling.Though a partner can engage in a transaction with the TP in a non partner capacity (Section 707a(a)).A partner receiving a 707(a) payment from the partnership receives the payment as any stranger receives a payment from the TP for services rendered. This partner gets treated for this transaction as if he/she were not a member of the TP (Treasury Regulation Section 1.707-1(a).As an example, a partner owns and operates a law firm specializing in contract law. The TP requires advice on terms and creation for new contracts the TP uses in its business with clients. This partner provides a bid for this unique job and the TP accepts it. Here, the partner bills the TP as it would any other client, and the partner reports the income from the TP client job as he/she would for any other client. The TP records the job as an expense and pays the partner as it would any other vendor. Here, I am assuming the law contract job represents an expense versus a capital item. Of course, the partner may have a law corporation though the same principle applies.Further, a TP can make fixed payments to a partner for services or capital — called guaranteed payments as noted in subsection (c).A 707(c) guaranteed payment shows up in the membership agreement drawn up by the business attorney. This payment provides a service partner with a guaranteed payment regardless of the TP’s income for the year as noted in Treasury Regulation Section 1.707-1(c).As an example, the TP operates an exclusive restaurant. Several partners contribute capital for the venture. The TP’s key service partner is the chef for the restaurant. And, the whole restaurant concept centers on this chef’s experience and creativity. The TP’s operating agreement provides the chef receives a certain % profit interest but as a minimum receives yearly a fixed $X guaranteed payment regardless of TP’s income level. In the first year of operations the TP has low profits as expected. The chef receives the guaranteed $X payment as provided in the membership agreement.The TP allocates the guaranteed payment to the capital interest partners on their TP k-1s as business expense. And, the TP includes the full $X guaranteed payment as income on the chef’s K-1. Here, the membership agreement demonstrates the chef only shares in profits not losses. So, the TP only allocates the guaranteed expense to those partners responsible for making up losses (the capital partners) as noted in Treasury Regulation Section 707-1(c) Example 3. The chef gets no allocation for the guaranteed expense as he/she does not participate in losses.If we change the situation slightly, we may change the tax results. If the membership agreement says the chef shares in losses, we then allocate a portion of the guaranteed expense back to the chef following the above treasury regulation.As a final note, a TP return requires knowledge of primary tax law if the TP desires filing a completed an accurate partnership tax return.I have completed the above tax analysis based on primary partnership tax law. If the situation changes in any manner, the tax outcome may change considerably. www.rst.tax