Unclaimed Coogan List

We prefer to call this the “unpaid wages” fund, because they aren’t really “unclaimed”.  Rather, they are wages that were not paid the child for a variety of reasons. In California, 15% of gross earnings are withheld from children by producers. The earnings are to be deposited directly into the child’s trust account by the…

Payroll Companies

ABS Entertainment Payroll Services 2600 W. Olive Ave., 5th Floor Burbank, CA  91505 (818) 848-9200 info@abspayroll.net www.abspayroll.com American Residuals & Talent (310)734-4108 www.artpayroll.com Cast & Crew Entertainment Services 2300 Empire Avenue, 5th Floor Burbank, CA 91504 (818) 848-6022 info_payroll@castandcrew.com www.castandcrew.com Walt Disney Pictures and Television AKA Disney Worldwide Services, Katy Mac Sessions, etc. Attn Payroll …

Residual Payments

Welcome to one of the most confusing and difficult aspects of the entertainment industry—getting paid! Residuals (also known as royalties) are the bread and butter of the working actor’s life. They are what keeps you going when things get slow (and they DO get slow…for everyone. This biz is one big roller coaster!). They are…

Incorporation

THE VALUE OF A LOAN-OUT CORPORATION UPDATE COMING SOON: Nothing in this article should be construed as legal or financial advice. Bizparentz is currently working with a qualified accountant to update this article. This information may be outdated, but we offer it here as general information about incorporation. Thanks to the recently revised tax laws,…

Unemployment

IMPORTANT MESSAGE About COVID-19 Benefits and the CARES Act Bad news: Child actors will NOT receive stimulus checks because they *can* (and should) be claimed as dependents on their parents’ tax return. Good news:  Depending on their state, child actors MAY BE eligible for unemployment. In California, the CARES Act supplements state unemployment in the…

Social Security

To Do List:  Verifying Social Security Information Reported for Your Child Actor We know, we know…social security seems like a long way away.  But you need to think about your child’s social security account now!  Here’s why: Wages are reported to social security through the routine payroll process. Normally, an employee does not have to…

Federal Taxes

It would be impossible to cover all scenarios regarding Federal Income Tax in this document. However, find below general information regarding child performers and Federal Income Tax regulations for the 2020 tax year. This information is in no way intended to be a replacement for professional tax advice. Now more than ever, we strongly suggest…

Trust Accounts

The one thing that most people have heard of in regard to child actors are the laws which are in place to protect their earnings.  In California, it is often called Coogan’s Law, named after child actor Jackie Coogan. Other states may refer to it as a Performer’s Trust Account. The laws in each state…