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Your Film May Be More Appealing to Investors if You Start* by the End of the Year

10.12.11 @ 10:37AM Tags : budget, financing, incentives, indiewire, investment, irs, money, taxes

Did you know that for the last seven years, film investors could tax-deduct the entirety of their film investment (up to $20 million), in the same year they made the investment, regardless of whether the film made a profit or loss? This has been possible thanks to IRS Code Section 181, which, according to indieWIRE, is the only federal tax credit available for independent film investors. Section 181 is set to expire at the end of 2011, however, and is not likely to be renewed. So if you’re looking for investment in a film project of yours, and you want to entice investors with this significant deduction, you’ve got a little over two months to get started — and by “get started,” I mean getting your paperwork in order and filming at least one day (thus the reason for the asterisk). More »

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Save New York's TV and film tax credits

02.14.09 @ 5:45PM Tags : money, nyc, taxes

I’m a few days late on this, but as someone who’s been trying to get a low-budget NYC production off the ground for the past six months, this is not a pleasant specter to stare in the face: More »