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Posts Tagged ‘IRS Section 181

IRS Section 181 Film Production Incentives UPDATE

July 23, 2010

Many of us have been waiting patiently for any news about whether the federal film production tax incentives made possible under IRS Section 181 will be extended.

Clock is Ticking on IRS Section 181 Film Tax Incentive!

December 11, 2009

“American Jobs Creation Act: Section 181” provides 100% Federal deductions against passive income. State Film Production Tax Credits may also be available. What Is Section 181? How Does Section 181 Work? Who Is Eligible for Section 181 Deductions? Section 181, first enacted by Congress in 2004, and blogged about here, was extended and modified on […]

Runaway Productions & IRS Code Section 181 – Deduction for Qualified Film and Television Production Costs

October 28, 2009

On October 27, 2009, California Rep. Diane Watson announced her introduction of H.R.3939 which would extend expensing provisions for qualifying film and television productions. H.R. 3939 requests an extension of IRS Code Section 181 until 2011. The current extension expires on December 31, 2009.