Tag Archives: Section 181

Senate Finance Committee Passes Extension of Tax Write-off For Filmmakers

A large bipartisan majority the Senate Finance Committee last week passed a bipartisan package of more than 50 tax extenders that includes a 2 year extension to Sec. 181 permitting immediate write-off of film/television production expenses up to first $15 … Continue reading

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Film/TV Tax Expense Relief in Extenders Bill

Congress may show some bi-partisanship in the lame duck session between now and the holidays by passing the Tax Extenders Act of 2013 that will give businesses a number of tax breaks that expired in 2013, including but not limited … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Gift From the Cliff

Congress blessed the film industry, particularly smaller producers, with a fiscal cliff gift by extending the tax deduction on production costs incurred in the US under Sec. 181 of the Internal Revenue Code. So, now, crowdfunders can deduct that part … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Film, Funding Portals, Investments, Jobs, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment