Comments on: Grandfather Your Section-181 Benefit Now

By: Jon Raymond

Jon Raymond — Sat, 04 May 2013 17:19:00 +0000

If you fund your film through crowd funding as an LLC, can you consider those funds as a company investment that qualifies for section 181?

By: Jeff Steele

Jeff Steele — Wed, 09 Jan 2013 17:24:20 +0000

Yes! Section 181 was extended by the fiscal cliff bill through the end of 2013 and retroactive.

By: How does Hollywood manage to keep a $430 million tax break? | ResidualRx.com

Thu, 03 Jan 2013 20:32:01 +0000

[...] file as they are to investors willing to bankroll the productions. Some details from the website Film Closings: Section-181 is a very lucrative, accelerated tax deduction that American investors can use to [...]

By: Alex

Alex — Thu, 18 Oct 2012 05:05:42 +0000

One other question… When investors take the deduction, does it lower both their federal and state tax liability, or just federal? It seem that if they lower their overall tax liability, their state taxes would drop as well.

By: Alex

Alex — Wed, 17 Oct 2012 10:36:48 +0000

You mentioned that 75% of the film has to be spent in the US. Does that mean that the money has to be spent on US crew members (no foreigners), or that 75% of the film has to be shot on US soil?

Also, I know for an investor to use their active income to write-off the deduction they have to be involved with the film. But do they have to be paid?

By: obin

obin — Tue, 04 Sep 2012 13:55:47 +0000

s 181 coming back anytime?

By: Jeff Steele

Jeff Steele — Sun, 19 Aug 2012 03:18:03 +0000

You’re welcome. Thanks for the kudos.

By: Katarina Garcia

Katarina Garcia — Mon, 09 Jul 2012 17:49:48 +0000

Oh how I wish I read your blog last year. I will be following you from now on, Jeff. Thank you for the insightful posts!

By: Jeff Steele

Jeff Steele — Fri, 01 Jun 2012 16:59:16 +0000

The S-181 ship has sailed. Elvis has left the building.

By: Darryl

Darryl — Fri, 01 Jun 2012 02:28:17 +0000

Is it possible to grandfather without having an LLC? We’ve been financing our movie ourselves. I lawyer I spoke to said yes…

Also does the screenplay, and budget need to be registered or notarized in 2011?

And how do you prove when the one day of footage was shot?

Any info would be greatly appreciated.

Thanks!