We're making an ultra-low-budget horror flick. We have some seed money, but we're looking at additional ways to bring in investment that isn't crowdfunding. Does anyone have experience with section 181, or any other tax incentives potential investors might be interested in? (we're aware of tax credits in our state for the production, but open to hearing about any experiences with those as well!)
Financing / Crowdfunding : Section 181 / any other tax incentives for potential investors to consider by Seth Chromick
Section 181 / any other tax incentives for potential investors to consider
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S.181 gives your producing company an ELECTION when filing taxes to treat the production expenses on a given project as deductible expenses rather than a capital expense. This has a great impact on your ability to be profitable in the future, and can be passed on to investors if you have the correct corporate structure in place. Apart from that, incentives will entirely depend on the state you are shooting in, and unfortunately the rules change literally every day, so you have to stay on top of it for that jurisdiction.
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See ustaxrates.com.