Section 181, the Federal tax incentive spurring the production of film and television in the United States is about to suffer, reports David Robb at Deadline, “a quiet death” — at least for the time being. Filmmaker has covered Section 181 extensively, with Daniel J. Coplan’s article from last summer explaining in detail how the incentive benefits independent film producers and investors. In brief, it allows investors to deduct 100% of their investment against their Federal taxes in the year of the investment. That’s opposed to depreciating that investment over multiple years. For a high net work individual, that could […]...
- 12/30/2016
- by Scott Macaulay
- Filmmaker Magazine - Blog
At Filmmaker we have covered Section 181, the United States’ film tax credit incentive, quite extensively, but this article by entertainment attorney Daniel J. Coplan, Esq. is both a great overview of how the incentive actually works for individual investors as well as an explanation of one underknown element. The latter concerns the ability of some investors to deduct against ordinary income, not passive income. In short, if you’re raising private equity for a U.S. film this year, read on. (This piece was originally published on LinkedIn and is reprinted with permission.) The purpose of this short article is to […]...
- 7/15/2016
- by Daniel J. Coplan
- Filmmaker Magazine - Blog
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