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Entertainment and Sports Law Tax

U.S. Tax Court Considers Whether Net Operating Losses from Film Production Companies Are Deductible

Structuring finances for independent film productions isn’t for the faint of heart, especially where there are multiple entities formed in different states involved in the productions; loans involving different entity members; and efforts on tax returns to deduct net operating losses (NOLs).

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Structuring finances for independent film productions isn’t for the faint of heart, especially where there are multiple entities formed in different states involved in the productions; loans involving different entity members; and efforts on tax returns to deduct net operating losses (NOLs).

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