Comments on: IRS eliminates tax breaks for some independent films http://firemark.com/2007/02/20/irs-eliminates-tax-breaks-for-some-independent-films/ Theatre, Film, Television, Music & New Media Sat, 24 Jul 2010 00:22:36 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Gordon Firemark http://firemark.com/2007/02/20/irs-eliminates-tax-breaks-for-some-independent-films/comment-page-1/#comment-4 Gordon Firemark Tue, 10 Mar 2009 19:15:20 +0000 http://firemark.com/wp/?p=6#comment-4 UPDATE: I've now had occasion to research this, and it appears that congress DID act to extend the legislation to cover films which begin production before January 1, 2010. The extension also applies to the FIRST $15 Million of ANY qualifying production, not just to films UNDER $15 Million. Good news for keeping films here in the U.S. during these troubled economic times. UPDATE:

I’ve now had occasion to research this, and it appears that congress DID act to extend the legislation to cover films which begin production before January 1, 2010. The extension also applies to the FIRST $15 Million of ANY qualifying production, not just to films UNDER $15 Million.

Good news for keeping films here in the U.S. during these troubled economic times.

]]> By: Gordon Firemark http://firemark.com/2007/02/20/irs-eliminates-tax-breaks-for-some-independent-films/comment-page-1/#comment-2 Gordon Firemark Fri, 19 Dec 2008 17:15:46 +0000 http://firemark.com/wp/?p=6#comment-2 I hadn't heard that, nor have I researched the question. Best advice is consult a lawyer about this before relying on any purported tax break I hadn’t heard that, nor have I researched the question.

Best advice is consult a lawyer about this before relying on any purported tax break

]]> By: Frank Cavestani http://firemark.com/2007/02/20/irs-eliminates-tax-breaks-for-some-independent-films/comment-page-1/#comment-3 Frank Cavestani Sat, 06 Dec 2008 07:07:05 +0000 http://firemark.com/wp/?p=6#comment-3 Is this IRS regulation in effect? I heard that during the recent Bail Out legislation it was reinstated so that once again you can get the 15 million write off. Is that true? Is this IRS regulation in effect? I heard that during the recent Bail Out legislation it was reinstated so that once again you can get the 15 million write off. Is that true?

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