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1. www.hollywoodreporter.com › business › business-news‘Rust’ Shines Spotlight on Opaque Indie Film Financing Scheme

   www.hollywoodreporter.com › business › business-news

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   Nov 10, 2021 · Salveson raised eyebrows at the 2017 Cannes Film Festival, when, while speaking at the Carlton Hotel, she appeared to claim that Streamline had created a novel way of using Section 181 to ease ...

2. variety.com › 2021 › film'Rust' Tragedy Raises Questions on Indie Producers' Lack of ...

   variety.com › 2021 › film

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   Oct 26, 2021 · In public appearances, Salveson has sometimes appeared to take credit for originating the use of Section 181 financing. In 2017, she appeared on a panel at Cannes with Kessler as the moderator.

3. variety.com › 2021 › film'Rust' Producer's Adviser - Her Dad - Pushed Tax Shelters ...

   variety.com › 2021 › film

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   Dec 24, 2021 · The IRS alleged that Salveson owed $794,000 in unpaid taxes for those two years, plus $595,000 in fraud penalties, $260,000 in delinquency penalties, and $339,000 in interest. Salveson filed a tax ...

4. www.slashfilm.com › 644378 › rust-shooting-brings-toRust Shooting Brings To Light Producer Inexperience, Murky ...

   www.slashfilm.com › 644378 › rust-shooting-brings-to

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   Oct 27, 2021 · According to Variety, Salveson is a producer who has "made extensive use of Section 181," a tax code provision that "allows investors to deduct their investment in a film project, up to $15 ...

5. www.krostcpas.com › krost-quarterly › tax-changesTax Changes for the Entertainment Industry | EisnerAmper ...

   www.krostcpas.com › krost-quarterly › tax-changes

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   Oct 21, 2021 · On the other hand, the opportunity to use Section 181 can dramatically change the outlook of an investors’ risk assessment on a film project. The money invested and spent is expensed as incurred and will create a loss that can be passed-through to the investor. This could be a considerable tax benefit in the same year as the production.

6. www.physicianonfire.com › section-181Section 181: Investor Tax Benefits for Movie Buffs

   www.physicianonfire.com › section-181

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   Jun 17, 2024 · Section 181 lets you deduct 100% of the first $15 million of production costs for a film or TV show. And if the project is shot in an “economically depressed” area, this limit goes up to $20 million. The deduction applies the year the costs are incurred — great news if you don’t want to wait for the film to be released to start seeing ...

7. People also ask

   How did Robert Salveson use Section 181?

   • Salveson has made extensive use of Section 181, a provision of the tax code that allows wealthy people to write off their investments in low-budget films. “Rust” had a dozen credited producers and executive producers, including Baldwin and Matt DelPiano, his former CAA agent who is now a manager at Cavalry Media.

   ‘Rust’ Tragedy Raises Questions on Indie Producers’ Lack of Experience …

   variety.com/2021/film/news/rust-producers-emily-salveson-alec-baldwin-1235097778/

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   Who drafted a section 181 tax incentive for film investment?

   • Kessler is an expert in Section 181, a tax incentive for film investment. She did not cite her father. But according to Kessler, it was Kent Salveson who had hired him to draft some documents. Kessler told Variety that he spoke with the elder Salveson several times on the phone about how to adapt his tax incentive model to the film business.

   ‘Rust’ Producer’s Key Adviser — Her Dad — Pushed Tax Shelters and Hi…

   variety.com/2021/film/news/rust-kent-salveson-tax-shelter-streamline-global-1235142226/

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   What jobs did Kate Salveson have before film financing?

   • As the Hollywood Reporter reported last month, she had a series of jobs before landing in film financing, including surf instructor, assistant at a rehab center, a job in the office of her father, tax attorney Kent Salveson, and host of a YouTube show called “Bath Time TV.” Kent Salveson, 71, is also a key figure in Streamline Global.

   ‘Rust’ Producer’s Key Adviser — Her Dad — Pushed Tax Shelters and Hi…

   variety.com/2021/film/news/rust-kent-salveson-tax-shelter-streamline-global-1235142226/

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   When did Salveson start eexcel?

   • In the early 1990s, Salveson launched EEXCEL (Educational Excellence for Children with Environmental Limitations), which leveraged government-backed loans to build affordable housing in South L.A. Salveson partnered with USC to offer tutoring programs, an idea that generated nationwide publicity.

   ‘Rust’ Producer’s Key Adviser — Her Dad — Pushed Tax Shelters and Hi…

   variety.com/2021/film/news/rust-kent-salveson-tax-shelter-streamline-global-1235142226/

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   What happened to John Salveson?

   • Salveson continued to work in real estate development. He filed for personal bankruptcy in 2003 and again in 2010, after his company, Campus Realty, collapsed and its homes were foreclosed upon. Salveson then turned to tax credits for renewable energy, launching Solar Energy Equities and Clear Sun Corp.

   ‘Rust’ Producer’s Key Adviser — Her Dad — Pushed Tax Shelters and Hi…

   variety.com/2021/film/news/rust-kent-salveson-tax-shelter-streamline-global-1235142226/

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   Why did Emily Salveson challenge a tax penalty?

   • Salveson challenged the penalty in tax court, but the court dismissed his petition due to lack of jurisdiction. Emily Salveson appeared on a panel at the Cannes Film Festival in July 2017, in which she touted her company’s new model for film investment.

   ‘Rust’ Producer’s Key Adviser — Her Dad — Pushed Tax Shelters and Hi…

   variety.com/2021/film/news/rust-kent-salveson-tax-shelter-streamline-global-1235142226/

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8. medium.com › @section181news › section-181-is-backSection 181 Is Back: What This Means For Domestic Productions

   medium.com › @section181news › section-181-is-back

   Mar 3, 2023 · Officially, Section 181 states: “26 U.S. Code § 181 — Treatment of certain qualified film and television and live theatrical productions. A taxpayer may elect to treat the cost of any ...