Section 181 – Passed for 2013 – How it Works For Financing

The “Fiscal Cliff” bill passage which occurred in the early hours of New Years Day (2013) contains an extension of the IRS code Section 181 (Deductions for Qualified Film & Television Production Costs) through the end of 2013.

In an earlier blog I gave a very layman’s explanation of how Section 181 works for you as a producer trying to raise financing – i.e. pitching those who have the right kind of “passive income” to use Section 181 for a tax write off.

You can see the blog here: https://filmproduction.wordpress.com/2011/01/06/pitching-section-181-rough-outline-of-how-it-works/

The DGA and the IFTA put together a good brochure – you can see it at this link http://www.film.ca.gov/res/docs/pdf/Section-181-12-4-08.pdf

I have had several requests about this, so I know a lot of you are looking forward to making use of it in your pitching to prospective financiers.

Good luck!

Cheers / John

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About filmproduction
I have worked in the film production industry since 1985, working on over 50 different productions of every size in 6 different countries. My self-published book, "Walk The Talk" is written in an easy to read manner for film students and working professionals who haven't had the chance to learn how to 'Direct the Money'.

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