irc section 181 expiring 2020

IRC Section 181 Set to Expire at Year End: What Does it Mean for your Motion Picture or Media Project?

When it passed in 2017, the Tax Cuts and Jobs Act failed to renew a provision contained in 2004’s Jobs Creation Act, known as Internal Revenue Code Section 181, which allowed film, television and media producers to immediately expense costs that would otherwise need to be capitalized and deducted over the course of ten years.…

WGA

Film and TV Unions have approved Guidelines to Reopen, but have Writers been Excluded?

Hollywood union leaders have recently issued industry-wide guidelines that recommend motion picture studio production changes in response to the COVID-19 pandemic. According to those who have drafted the protocols, if reopening is to happen safely, actors, crew, and everyone who participates in the process will need to be protected from infection, and these guidelines are…

To Stream, or not to Stream…

How Studios are Choosing Release Dates During the COVID-19 Outbreak As a result of the COVID-19 pandemic, movie theaters have closed for the time being, but consumers have not lost any appetite for the movie-viewing experience. So with streaming services temporarily taking over as the primary option for movie watching, how can the concept of…