Section 181 of the Internal Revenue Code (IRC) was first introduced in 2004 and, with some gaps in time, lasted through its expiration at the end of 2016.
New Federal Tax Act Gives New Life, and Twists, to Treatment of Film, TV and Stage Productions
Section 181 of the IRC has provided benefits to both producers of movies and television programs and — under pass-through legal structures such as limited liability companies — to their investors. Now, with the enactment of the sweeping new federal tax law, §181 has been given new life, with a couple of additional benefits and a couple of additional twists.
By
Thomas D. Selz and Bernard C. Topper Jr.
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